ZeeNews.India.Com 22 May 2012
New Delhi: Quikr, the internet and mobile based classified ads firm, has raised USD 32 million (Rs 176 crore) from overseas investors including Warburg Pincus in the fifth round of funding.
Other private equity investors were Matrix Partners India, Norwest Venture Partners and eBay Inc.
“In the initial rounds of fund raising, we have already attracted some of the best investors across the globe. We are delighted to have a strategic partner like Warburg Pincus as we continue our journey forward,” Quikr co-Founder and CEO Pranay Chulet said.
Nearly 17 million individuals and small businesses across 83 cities access Quikr every month to sell, buy, rent or find products and services in a variety of categories. They include electronics items, auto, real estate, jobs, education and entertainment.