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
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