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Quikr raised $83M from AB Kinnevik in all; micro sites for key verticals

Classifieds site Quikr raised SEK 346m ($40.55 million) in April, from its existing investor AB Kinnevik, the company announced in its Q1 results presentation. At that time, the company had raised $150 million from existing investors Tiger Global and AB Kinnevik and new investor Steadview Capital. The company had said that it would use the funds to invest in its mobile business and strengthen its hold in categories like goods, cars, real estate, jobs and services. An NDTV report from last week claims that Kinnevik acquired an additional $20 million stake in Quikr through a secondary share purchase. A VCCircle report stated that Kinnevik is currently the single largest shareholder in Quikr, while new investors have also bought shares from existing shareholders. Quikr had raised $60 million investment led by Tiger Global, with participation from other investors including  Kinnevik, Matrix…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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