Tuesday 10 May 2011

Quikr Announces USD 8 Million Round by Nokia Growth Partners and other investors

Quikr, India's leading horizontal classifieds player, announced today the completion of a USD 8 million round for Quikr Mauritius (a holding company of Quikr India) led by new investor, Nokia Growth Partners (NGP), and returning investors, Norwest Venture Partners and eBay Inc.

Quikr offers a web and mobile based classifieds platform that addresses a wide variety of local needs in 40 cities across India. More than 10 million consumers visit Quikr every month to buy, sell, rent or find things ranging from laptops to mobile phones to cars to real estate to jobs, and everything in between. Quikr is the leader in horizontal classifieds in India and the company continues to see rapid growth in the number of buyers and sellers on its platform. In a move that will further propel this growth, in the last 12 months, the company has transformed itself from an online industry leader to a player that leads across online and mobile media.

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Quikr Announces USD 8 Million Round by Nokia Growth Partners and other investors