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Quikr Raises Rs. 200M In Round 2 Funding

quikrlogoQuikr Mauritius, the holding company of classifieds portal Quikr India, has completed its second round of funding, raising Rs. 200 million from Omidyar Network and Matrix Partners India.

Omidyar is a fund established by eBay founder Pierre Omidyar and his wife. It has committed $290 million to companies and nonprofit organizations such as CellBazaar in Bangladesh, Comat Technologies, Ashoka, Digg, Linden Lab (makers of the game Second Life) and Wikia.

Quikr was originally Kijiji.in, a subsidiary of eBay which was spun off and rebranded around the same time last year. It received its first round of funding from Matrix Partners and eBay in February 2008, and is jointly owned by the two. Other companies on Matrix Partners’ portfolio are askLaila, Seventymm, and Itzcash Card.

The company also announced that Pranay Chulet has come aboard as Chief Executive Officer but according to his Linkedin profile, he’s been there a year now…makes us ask, tongue in cheek, if the funding is also a year old? Before Quikr, Chulet was founder of Zobyx, a new media start up.


Quikr serves eighteen cities in India and claims to have over 1.5 million users. It offers ads on furniture, mobile phones, cars, hobby classes, pets, real estate,etc some of which are posted on Twitter. It also launched NDTVClassifieds.com for NDTV Convergence, which we offered an analysis on at Medianama.

Its primary competitors are Sulekha, HTClassifieds.com, GETIT Yellow Pages which has raised $4 million from venture fund Helion, Rediff LocalAds, Click.in and OLX which raised $5 million from Nexus India Capital and has partnered with HT Media to power its classifieds portal AskHT.


Classifieds Site OLX Raises $5 Million From Nexus India Capital

Sulekha Asks Users To Pay a Tip; IPO May Not Happen; Consolidation On The Cards
HT Media Launches Classifieds Site AskHT; Conflict Of Interest?

GETIT Yellow Pages Gets $4 Million From Helion Ventures

Rediff Increases Stake In Tachyon To 26%; P4C Is Now LocalAds

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