India’s Quikr lands $60 million U.S. for product development

18 Sep 2014

Clearly, Swedish investment company Kinnevik believes in the Indian general classifieds site it just injected another $15 million U.S. in the company. In total $60 million U.S. was invested by a group of existing shareholders, including Tiger Global Management and Kinnevik. The fresh capital will be used for product development and to support its fast-growing mobile business.

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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.