India

Tiger Global invests $30 mil. for mobile

A day after Tiger Global Management LLC was reported to be in the process of raising a $1.5 billion fund, the New York-based part hedge fund/part private equity firm was back in the headlines in India last week for pumping $30 million into the Indian real estate search and classifieds website, Commonfloor.com. With this fifth round of funding, Commonfloor.com has raised more than $50 million...

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Tiger Global helps Quikr raise $65 million

blackjack games For Pranay Chulet, founder-CEO of India’s headline-grabbing online classifieds website, Quikr.com, a dogged determination to succeed against odds comes naturally. He did not have a science teacher till the tenth grade in his government-run school at a dusty zinc-mining outpost in the poverty-stricken state of Rajasthan. Yet, he secured a seat at the prestigious Indian...

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$90 million investment lifts Quikr

By Sourish Bhattacharyya A consortium of companies led by Investment AB Kinnevik of Sweden has pumped $90 million (U.S.) into privately held Quikr.com, the online classifieds and mobile commerce venture in India, keeping up the steady flow of funding into the country’s Internet retail business. Quikr’s valuation has now gone up to more than $250 million, according to The Economic Times,...

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Take a quik look at Quikr’s new offices

We’ve taken you into the offices of InfoEdge in India, parent company of Naukri.com, 99Acres.com and other classifieds businesses. (See CIR 15.01, Jan. 16.) And we’ve taken you into the “Sahiplex,” the headquarters of Sahibinden in Turkey. (See CIR 14.20, Oct. 30, 2013, Page 82.) Now, courtesy of the EconomicTimes section of IndiaTimes.com, here’s a great look at the new offices of...

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Quikr Attracts US $32 Million Private Equity Investment

Quikr Attracts US $32 Million Private Equity Investment Published May 25, 2012 *Quikr Attracts US $32 Million Private Equity Investment* * * *Warburg Pincus leads the round with participation from Matrix, Norwest and eBay* Quikr Blog, May 22: Quikr is India’s largest horizontal classifieds platform with 17 million unique individuals and small businesses using it across 83 cities every month....

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India Expected to Become the World’s 3rd-Largest Light-Vehicle Market by 2020

Published June 13, 2011 *J.D. Power and Associates Reports:* *India** Expected to Become the World’s Third-Largest Light-Vehicle Market by 2020; However, Profits Not Likely to Match Two Largest Markets, China and the United States* *India**’s Auto Market Will Not Reach Its Full Potential until It Overcomes Its “Three Deficits”: Trade, Budget and An Underdeveloped...

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