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July 30, 2009

Deal Alert: Online classifieds firm Quikr raises Rs. 20-Cr second round funding

Edited excerpts from the Press Release

Quikr India, the online classifieds site, has raised a Rs. 20 crore second round of funding in led by new investor Omidyar Network and returning investor Matrix Partners India. Omidyar Network is the investment vehicle of Pierre Omidyar, founder of leading US-based online auctions firm eBay.

Quikr is the Indian edition of the free classifieds portal, Kijiji, floated by eBay. Matrix had first invested in the company in February 2008.

Along with the latest investment, Quikr India has also announced the appointment former Booz Allen Hamilton executive Pranay Chulet as its CEO.