Quickr, Indian Internet And Mobile Classified Company Raises $32 Million From Warburg Pincus

Posted on May 22 2012 - 5:05pm by Editorial Staff

Quickr, Indian internet and mobile classified advertising company announced that it has raised $32 million by selling a stake to a group of investors led by Warburg Pincus, a private equity firm. There is no information regarding the size of the stake sold in the exercise although it is the fifth and largest round of capital-raising.

Quikr said that its existing investors — Matrix Partners India, Norwest Venture Partners and eBay Inc. — took part in the fund-raising as well. The site launched in July 2008, is a classifieds site used by 17 million people and small businesses across 83 Indian cities each month.

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