What is Quikr?
Quikr operates as India's leading cross-category platform, serving over 30 million unique users monthly across 1200 cities. The company facilitates a wide array of classifieds businesses, including C2C transactions, automotive, real estate, jobs, and services. Accessible via mobile and desktop, Quikr enables consumers and small businesses to easily buy, sell, rent, and find items across its diverse categories. Its extensive reach and comprehensive service offerings position it as a dominant player in the Indian digital classifieds landscape.
How much funding has Quikr raised?
Quikr has raised a total of $429.9M across 9 funding rounds:
Series B
$4.5M
Series C
$6M
Series D
$8M
Series E
$32M
Private Equity
$90M
Private Equity
$60M
Private Equity
$150M
Private Equity
$60M
Debt
$19.4M
Series B (2009): $4.5M with participation from Omidyar Network and Matrix Partners India
Series C (2010): $6M led by Norwest Venture Partners
Series D (2011): $8M supported by Norwest Venture Partners, Nokia Growth Partners, and eBay
Series E (2012): $32M featuring Norwest Venture Partners, eBay, Matrix Partners, and Warburg Pincus
Private Equity (2014): $90M backed by Nokia Growth Partners, Kinnevik, Omidyar Network, eBay, Norwest Venture Partners, Matrix Partners, and Warburg Pincus
Private Equity (2014): $60M with participation from Matrix Partners India, Warburg Pincus, eBay, Omidyar Network, Norwest Venture Partners, Nokia Growth Partners, and Investment AB Kinnevik
Private Equity (2015): $150M led by Steadview Capital and Investment AB Kinnevik
Private Equity (2015): $60M supported by Coatue Management and AB Kinnevik
Debt (2016): $19.4M featuring Brand Capital
Key Investors in Quikr
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, with headquarters in Palo Alto, California, and offices in India and Israel. They focus on investing in companies across various stages of development.
Investment AB Kinnevik
Kinnevik is an industry-focused investment company with an entrepreneurial spirit, dedicated to building digital consumer businesses. Founded in 1936, they partner with founders to create and lead fast-growing businesses, aiming to deliver both shareholder and social value.
Warburg Pincus
Warburg Pincus is a leading global private equity firm specializing in growth investing. Operating as a private partnership, they leverage extensive experience to support management teams in building long-term, sustainable success across diverse industries and stages.
What's next for Quikr?
The substantial enterprise-level backing indicates Quikr is in a mature growth phase, likely focusing on expanding its market share, enhancing its technological infrastructure, and potentially exploring new verticals or service integrations. The recent strategic investment suggests a focus on strengthening its competitive advantage and driving further innovation within its existing business segments. Future developments may involve strategic partnerships, acquisitions, or further optimization of its platform to maintain its leadership in India's dynamic online marketplace.
See full Quikr company page
