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Quikr raises Rs 900 crore to invest in mobility

The online classified portal Quikr said on Tuesday that it has raised $150 million (about Rs 900 crore) from investors which also includes the existing ones.

The additional funding will be utilised to consolidate its leadership position, invest in mobile and in key categories, it said in a statement.

“The financing round included significant investment by its existing investors Tiger Global Management and Investment AB Kinnevik, and first time investor Steadview Capital, a Hong Kong-based firm”, it added.

The firm said, “This fresh round of funding will be used to further invest in Quikr’s fast growing mobile business and in key categories where the company already has leadership positions, including goods, cars, real estate, jobs and services,”.

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