Indian online classifieds major, Quikr has raised about Rs900 crore from investors, including existing ones, the company said on Tuesday. The additional funding will be utilised to consolidate its leadership position, invest in mobile and in key categories, it said in a statement.
The financing round included significant investment by its existing investors Tiger Global Management and Investment AB Kinnevik, and first time investor Steadview Capital, a Hong Kong-based firm, it added. "This fresh round of funding will be used to further invest in Quikr’s fast growing mobile business and in key categories where the company already has leadership positions, including goods, cars, real estate, jobs and services," it said.