Indian classifieds website Quikr raises $90 million

Posted Mar 12, 2014

Quikr has raised $90 million in a new round of funding from a group of investors led by Kinnevik. This brings Quikr to a total of $136 million with a valuation of $250 million.

Quikr is one of the fastest growing Internet companies in India and receives around 30 million unique visitors per month. The company is seeing around $50 million in annual revenues made through advertising and premium listings.

?Quikr has grown rapidly based on a deep understanding of the Indian market,? stated Mia Brunell Livfors, CEO of Kinnevik said in a statement. ?It?s targeting a tremendous opportunity in a large growth market and we look forward to being a part of its exciting journey forward.?