Total amount raised
$424.2 Million
Latest funding date
4/1/2019
Location
Quikr has successfully navigated 12 funding rounds, with its most recent round being Debt Financing. The platform is backed by 14 investors, including Trifecta Capital Advisors and InnoVen Capital.
Keep reading to explore the intricacies of Quikr's fundraising journey and the investors backing this innovative platform.
What Is Quikr?
Quikr, founded in 2008, is a leading online classifieds platform based in Bangalore, Karnataka, India. The company operates in various industries, including advertising, classifieds, e-commerce, internet, marketplace, and rental property.
With a workforce of 1001-5000 employees, Quikr aims to empower individuals across India to connect with buyers and sellers online. The platform facilitates transactions for a wide range of needs, from buying and selling cars to real estate and services.
How Much Funding Has Quikr Raised?
- Round Name: Series C
- Amount Raised: USD 6,000,000
- Date: March 2010
- Lead Investors: Norwest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and enhance its platform capabilities.
- Round Name: Series D
- Amount Raised: USD 8,000,000
- Date: May 2011
- Lead Investors: NGP Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational needs.
- Round Name: Series E
- Amount Raised: USD 32,000,000
- Date: May 2012
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Round Name: Series F
- Amount Raised: USD 90,000,000
- Date: March 2014
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance service offerings.
- Round Name: Series G
- Amount Raised: USD 60,000,000
- Date: September 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market reach and improve platform technology.
- Round Name: Series H
- Amount Raised: SEK 1,154,000,000
- Date: April 2015
- Lead Investors: Kinnevik, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and enhance market position.
- Round Name: Secondary Market
- Amount Raised: USD 60,000,000
- Date: July 2015
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Debt Financing
- Amount Raised: USD 20,000,000
- Date: August 2016
- Lead Investors: Brand Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs and growth initiatives.
- Round Name: Debt Financing
- Amount Raised: INR 550,000,000
- Date: December 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale transaction businesses across various verticals.
- Round Name: Debt Financing
- Amount Raised: INR 200,000,000
- Date: April 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and operational needs.
Total Amount Raised: USD 276,000,000
Current Valuation: USD 1.6 billion
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. The firm has a strong track record of backing high-growth companies worldwide.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Flipkart, Byju's, LinkedIn
- Kinnevik
- Details: Kinnevik is an investment company that focuses on building digital consumer businesses. The firm has a history of investing in companies that drive innovation and create value for consumers.
- Investment Focus Areas: Digital consumer businesses
- Notable Investments: Zalando, Tele2, Babylon Health
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm that invests in growth companies across various sectors. The firm has a long-standing reputation for supporting companies through different stages of their growth.
- Investment Focus Areas: Growth companies across various sectors
- Notable Investments: Airtel, Dainik Bhaskar, CarTrade
- Norwest Venture Partners
- Details: Norwest Venture Partners is a global venture capital and growth equity investment firm. The firm invests in early to late-stage companies across a wide range of sectors.
- Investment Focus Areas: Early to late-stage companies across various sectors
- Notable Investments: Spotify, Uber, Casper
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that provides financing to startups and growth-stage companies. The firm is known for its flexible financing solutions tailored to the needs of high-growth businesses.
- Investment Focus Areas: Venture debt financing for startups and growth-stage companies
- Notable Investments: Not publicly disclosed
What's Next for Quikr?
Quikr is poised to capitalize on significant opportunities by scaling its transaction businesses across various verticals, including education, services, jobs, goods, and real estate. With a recent venture debt funding of Rs 55 crore, the company is well-positioned to enhance its market presence and drive growth.
Future fundraising opportunities look promising, as Quikr is currently in talks to raise $150 million at a valuation of $1.6 billion. This influx of capital could further accelerate its expansion and support strategic acquisitions to strengthen its vertical platforms.
However, Quikr faces challenges such as maintaining its valuation amidst competition from other online classifieds platforms like OLX. Ensuring continued growth and optimizing its capital structure will be crucial for sustaining its market position and achieving long-term success.
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