
Total amount raised
$424.2 Millions
Latest funding date

Location
Quikr has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a wide range of services, including classifieds, online marketplace, and premium ad credits.
Keep reading to explore the intricacies of Quikr's fundraising journey and the investors backing this innovative platform.
What Is Quikr?
Quikr, founded in January 2008 by Jiby Thomas and Pranay Chulet, is headquartered in Bangalore, Karnataka, India. The platform serves as a comprehensive online marketplace, enabling users to buy, sell, rent, or discover a wide array of products and services across the country.
With a mission to empower individuals to connect independently with buyers and sellers, Quikr offers various categories such as real estate, jobs, electronics, and more. The platform also features services like QuikrNXT and premium ad credits to enhance user experience.
Currently, Quikr employs between 1001 and 5000 people, making it a significant player in the Indian online classifieds market. The company continues to innovate and expand its offerings to meet the diverse needs of its users.
How Much Funding Has Quikr Raised?
- Series C
- Amount Raised: $6M
- Date: March 2010
- Lead Investors: Norwest Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its technology infrastructure.
- Series D
- Amount Raised: $8M
- Date: May 2011
- Lead Investors: NGP Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series E
- Amount Raised: $32M
- Date: May 2012
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand service offerings.
- Series F
- Amount Raised: $90M
- Date: March 2014
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance user experience and expand into new verticals.
- Series G
- Amount Raised: $60M
- Date: September 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and invest in technology.
- Series H
- Amount Raised: SEK1.2B (approx. $140M)
- Date: April 2015
- Lead Investors: Kinnevik, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and improve platform capabilities.
- Secondary Market
- Amount Raised: $60M
- Date: July 2015
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Debt Financing
- Amount Raised: $20M
- Date: August 2016
- Lead Investors: Brand Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Debt Financing
- Amount Raised: ₹550M (approx. $7.76M)
- Date: December 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale transaction businesses across various verticals.
- Debt Financing
- Amount Raised: ₹200M (approx. $2.82M)
- Date: April 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To optimize capital structure and support growth.
Total Amount Raised: $424.58M
Current Valuation: $1.6B
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Flipkart, Facebook, LinkedIn.
- Kinnevik
- Details: Kinnevik is a Swedish investment company that focuses on building digital consumer businesses. They have a long history of investing in transformative companies.
- Investment Focus Areas: Digital consumer businesses, e-commerce, telecommunications.
- Notable Investments: Zalando, Tele2, Global Fashion Group.
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm that invests in growth companies across various sectors. They have a strong track record of helping companies scale.
- Investment Focus Areas: Growth companies, technology, healthcare, financial services.
- Notable Investments: Bharti Airtel, Dainik Bhaskar, Grubhub.
- Norwest Venture Partners
- Details: Norwest Venture Partners is a global venture capital and growth equity investment firm. They invest in early to late-stage companies across a wide range of sectors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer products.
- Notable Investments: Uber, Spotify, Casper.
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that provides debt capital to high-growth, venture-backed companies. They are known for supporting startups in scaling their operations.
- Investment Focus Areas: High-growth companies, technology, consumer services.
- Notable Investments: OYO Rooms, Swiggy, Byju’s.
What's Next for Quikr?
Quikr's future looks promising as it aims to scale its transaction businesses across various verticals, including education, services, jobs, goods, and real estate. With 30 million monthly unique visitors, the platform has significant potential for growth through cross-selling and further acquisitions.
In terms of fundraising, Quikr is reportedly in talks to raise $150 million at a valuation of $1.6 billion. This funding could help the company optimize its capital structure and support its ambitious growth plans. However, challenges such as competition from other online classifieds platforms and maintaining its valuation amidst conflicting reports could pose hurdles along the way.
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