Quikr raises $8 million from Nokia, Norwest
Nokia Growth Partners has led a $8 million Series D round of funding in Mumbai-based online classifieds site Quikr. Existing investors Norwest Venture Partners and eBay have also participated in the round, said a press release. The company offers a web and mobile-based classifieds platform that addresses consumers in 40 cities across India.
Quikr was spun out of eBay India in 2008 and received its first round of funding, amount undisclosed, from Matrix Partners India and eBay. The deal was initiated by Matrix, whose co-founder Avnish Bajaj, earlier led eBay India. In 2009 it raised a $4.47 million Series B round from Omidyar Network and Matrix. This was followed by a $6.04 million Series C round last year from Norwest Venture Partners, Omidyar, Matrix and eBay.
The company claims that more than 10 million consumers visit its site everyday to buy, sell, rent and find products ranging from laptops and mobile phones to real estate.
Image Courtesy: Quikr
