Quikr Raises Rs. 20 Crore In Series B Funding
Quikr Mauritius, the holding firm of horizontal classifieds portal Quikr India, has raised Rs 20 crore in second round of funding led by Omidyar Network says VC Circle. Matrix Partners India, an existing investor, has also chipped in in this round.
A classifieds website targeting local communities in 18 cities across India to buy and sell goods and services, Quikr claims to have more than than 1.5 million users.
Earlier known as Kijiji.in, it was solely owned by a subsidiary of eBay Inc., Kijiji International, which runs various classified portals across the world. After Matrix invested in the India unit in February 2008, the firm was rebranded and relaunched.
The company has also announced appointment of Pranay Chulet as its new CEO.
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