Quikr is an Indian classified advertising platform. It was founded by Pranay Chulet and Jiby Thomas in 2008. Headquartered in Bangalore, Quikr has listings in over 900 cities in India in categories such as mobile phones, household goods, cars, real estate, jobs, services and education.
Video Quikr
History
Quikr was initially launched as Kijiji India in November 2005. Kijiji.in was owned by Kijiji International, an eBay Inc subsidiary.
In 2008, Mumbai based venture capitalist, Matrix Partners India, invested in the Kijiji India, following which Kijiji India was hived off Kijiji International and restructured as an independent company and re-branded as "Quikr", which was jointly owned by Matrix Partners and eBay Inc.
In January 2016, Quikr announced it had acquired the real estate portal commonfloor.com in a $200 million all-stock deal and will be merging it with its real estate division QuikrHomes.
Maps Quikr
Finance
Quikr is backed by Kinnevik, Matrix Partners India, Omidyar Network, Norwest Venture Partners, Nokia Growth Partners, Warburg Pincus and eBay Inc.
In 2009, Quikr raised INR20 crore. In 2014, Quikr raised about $150 million, of which it raised a $60 million investment in a round led by Tiger Global with participation from several existing investors and raised $90 million in investment in a round led by Kinnevik. As of 2014, Quikr had raised a total of $350 million from 7 funding rounds.
Partnership & acquisition
Partnership Pepperfry has partnered with Quikr.
Acquisitions Quikr acquired HDFC Red and HDFC Realty, Bengaluru-based firm in the real estate vertical after it bought CommonFloor for about $120 million in 2015. With this, Quikr has completed 5 acquisitions for its real estate business - Economic times
Features
Quikr provides an online classified advertising platform for users to buy or sell goods and services from each other. Other services offered include a missed call service, and instant messaging.
References
External links
- Official website
Source of article : Wikipedia
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