Kinnevik: invests additional $ 40 million in Quikr – Dagens Industri

KINNEVIK: Invests additional $ 40 million in Quikr

                  2015-04-07 08:06
             

 (SIX) The investment company Kinnevik has participated in a  new round of financing in Quikr, a platform for classified ads in India.       It is clear from a press release.       Kinnevik's investment of $    40 million is part of a  round of financing totaling $    150 million, led by existing  shareholders in Quikr, mainly Tiger Global Management, supported by new  investor Stead View Capital Management. The new funding  will be used to invest in product development and  new verticals.       Quikr used by more than 30 million unique users per month.  Quikr available in over 900 cities in India and operates in over 10  categories including cell phones, household items, cars,  real estate, jobs, services and education.        Joakim Johansson, +46 31 350 64 84  mailto: joakim.johansson@six-group.se  www.blogg.six.seSIXNews  SIX News