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Quikr raises $8 Million in series D from Nokia Growth Partners
By siliconindia
Mumbai: In series D round of funding, Quikr, a horizontal classifieds player, succeeds in raising $8 million led by Nokia Growth Partners with participation of Norwest Venture Partners and eBay. Since inception, it has raised funds close to 
90 crore including this funding.
The fund will be utilized for product development for its online and mobile platforms, exceeding bounds of its market capabilities and other such operations. They are planning to focus on domestic market as they find a lot of scope currently prevailing here.
Offering web and mobile-based classifieds platform addressing a variety of local needs in 40 cities across India, Quikr has more than 10 million consumers visit every month to buy, sell, rent or find things ranging from laptops to mobile phones, cars, real estate, jobs and everything in between. After being a success in online classifieds, they plan to play around with 3G and smartphones to create new opportunities to deliver classifieds and other local commerce opportunities to mobile devices.
Built around with a concept of creating an online transparent marketplace, Quikr provides people the ability to trade and find goods and services in a variety of categories to be explored by individual consumers as well as small and mid-sized businesses. They have three defined revenue streams- advertising, premium listing and providing lead generation for small-scale businesses.
90 crore including this funding.
The fund will be utilized for product development for its online and mobile platforms, exceeding bounds of its market capabilities and other such operations. They are planning to focus on domestic market as they find a lot of scope currently prevailing here.
Offering web and mobile-based classifieds platform addressing a variety of local needs in 40 cities across India, Quikr has more than 10 million consumers visit every month to buy, sell, rent or find things ranging from laptops to mobile phones, cars, real estate, jobs and everything in between. After being a success in online classifieds, they plan to play around with 3G and smartphones to create new opportunities to deliver classifieds and other local commerce opportunities to mobile devices.
Built around with a concept of creating an online transparent marketplace, Quikr provides people the ability to trade and find goods and services in a variety of categories to be explored by individual consumers as well as small and mid-sized businesses. They have three defined revenue streams- advertising, premium listing and providing lead generation for small-scale businesses.
