Classifieds site Quikr has raised $150 million from existing investors Tiger Global and AB Kinnevik and new investor Steadview Capital, reports ET Tech. The company said that it plans to use the capital raised to further invest in its mobile business and strengthen its leadership in categories like goods, cars, real estate, jobs and services. This round of funding comes just a few months after Quikr raised $60 million investment led by Tiger Global, with participation from other investors including Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc, in September last year. The company had said then it would use this investment for product development and further expansion of its mobile business. The company had also raised $90 million in a round led by Kinnevik in March last year. Overall this brings the total amount the company has raised till date, to around $450 million. This includes a $32 million round from eBay Inc, Warburg Pincus and others in May 2012, $8 million from Nokia Growth Partners, Norwest Venture Partners and eBay Inc in May 2011 and $6 million from Norwest Venture Partners (NVP), Omidyar Network, Matrix Partners India and eBay Inc in March 2010. It was initially funded by Matrix Partners India. Quikr is a horizontal classifieds platform that allows individuals and small businesses sell, buy, rent or find products and services across various categories like electronics, cars, bikes, real estate, services, jobs, education and entertainment. The company, which claims…
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