Quikr: Difference between revisions
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Haseebwebage (talk | contribs) Added information about the latest fundraising of Quikr. |
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{{Cite web|url=http://economictimes.indiatimes.com/et-now/corporate/swedish-firm-kinnevik-to-invest-in-quikr/videoshow/31852579.cms |title=Swedish firm Kinnevik to invest in Quikr |publisher=The Economic Times |date=2014-03-11 |accessdate=2015-08-26 |deadurl=no |archiveurl=https://web.archive.org/web/20140316005303/http://economictimes.indiatimes.com/et-now/corporate/swedish-firm-kinnevik-to-invest-in-quikr/videoshow/31852579.cms |archivedate=16 March 2014 }}</ref> |
{{Cite web|url=http://economictimes.indiatimes.com/et-now/corporate/swedish-firm-kinnevik-to-invest-in-quikr/videoshow/31852579.cms |title=Swedish firm Kinnevik to invest in Quikr |publisher=The Economic Times |date=2014-03-11 |accessdate=2015-08-26 |deadurl=no |archiveurl=https://web.archive.org/web/20140316005303/http://economictimes.indiatimes.com/et-now/corporate/swedish-firm-kinnevik-to-invest-in-quikr/videoshow/31852579.cms |archivedate=16 March 2014 }}</ref> |
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As of 2014, Quikr had raised a total of $350 million from 7 funding rounds.<ref> |
As of 2014, Quikr had raised a total of $350 million from 7 funding rounds.<ref> |
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{{Cite web|url=http://www.livemint.com/Industry/p5bKwMUdBOOkAjwxTVsWZP/Why-investors-are-betting-big-on-Indian-ecommerce-firms.html|title=Why investors are betting big on Indian e-commerce firms |publisher=Mint |date=2014-03-13 |accessdate=2015-08-26 |deadurl=no |archiveurl=https://web.archive.org/web/20150515080752/http://www.livemint.com/Industry/p5bKwMUdBOOkAjwxTVsWZP/Why-investors-are-betting-big-on-Indian-ecommerce-firms.html |archivedate=15 May 2015 }}</ref> |
{{Cite web|url=http://www.livemint.com/Industry/p5bKwMUdBOOkAjwxTVsWZP/Why-investors-are-betting-big-on-Indian-ecommerce-firms.html|title=Why investors are betting big on Indian e-commerce firms |publisher=Mint |date=2014-03-13 |accessdate=2015-08-26 |deadurl=no |archiveurl=https://web.archive.org/web/20150515080752/http://www.livemint.com/Industry/p5bKwMUdBOOkAjwxTVsWZP/Why-investors-are-betting-big-on-Indian-ecommerce-firms.html |archivedate=15 May 2015 }}</ref> On 7 December 2018, Quikr raised $7.8 million from InnoVen Capital.<ref>{{Cite web|url=https://inc42.com/buzz/quikr-raises-7-8-mn-venture-debt-from-innoven-capital/|title=Quikr Raises $7.8 Mn Venture Debt From InnoVen Capital|last=Agarwal|first=Meha|date=7 December 2018|website=Inc42 Media}}</ref> |
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== Partnerships and acquisitions == |
== Partnerships and acquisitions == |
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Revision as of 06:06, 7 December 2018
 | |
| Company type | Private |
|---|---|
| Industry | Internet |
| Founded | 2008 [1] |
| Founder | Pranay Chulet [2] and Jiby Thomas [3] |
| Headquarters | , |
Number of locations | India |
Area served | India |
Key people | Pranay Chulet (Co-founder & CEO) |
| Services | Classified advertising |
| Website | www |
Quikr is an Indian classified advertising platform. It was founded by Pranay Chulet and Jiby Thomas in 2008.[4][2][3] Headquartered in Bangalore, Quikr has listings in over 900 cities in India in categories such as mobile phones, household goods, cars, real estate, jobs, services and education.[5]
History
Quikr was initially launched as Kijiji India in November 2005.[6] Kijiji.in was owned by Kijiji International, an eBay Inc subsidiary.
In 2008, Mumbai based venture capitalist, Matrix Partners India, invested in the Kijiji India, following which Kijiji India was hived off Kijiji International and restructured as an independent company and re-branded as "Quikr", which was jointly owned by Matrix Partners and eBay Inc.[7]
In January 2016, Quikr announced it had acquired the real estate portal commonfloor.com in a $200 million all-stock deal and will be merging it with its real estate division QuikrHomes. [8][9]
Finance
Quikr is backed by Kinnevik, Matrix Partners India, Omidyar Network, Norwest Venture Partners, Nokia Growth Partners, Warburg Pincus and eBay Inc.[1]
In 2009, Quikr raised ₹20 crore.[10] In 2014, Quikr raised about $150 million,[11] of which it raised a $60 million[12][13] investment in a round led by Tiger Global with participation from several existing investors and raised $90 million[14] in investment in a round led by Kinnevik.[15][16] As of 2014, Quikr had raised a total of $350 million from 7 funding rounds.[17] On 7 December 2018, Quikr raised $7.8 million from InnoVen Capital.[18]
Partnerships and acquisitions
Pepperfry has partnered with Quikr.[19]
Quikr acquired HDFC Red and HDFC Realty, Bengaluru-based firm in the real estate vertical after it bought CommonFloor for about $120 million in 2015. With this, Quikr has completed 5 acquisitions for its real estate business - Economic times[20]
Features
Quikr provides an online classified advertising platform for users to buy or sell goods and services from each other. Other services offered include a missed call service,[21] and instant messaging.[22]
References
- ^ a b c "About Quikr". Retrieved 4 March 2016.
- ^ a b "Meet Quikr CEO Pranay Chulet, IIT-IIM alumnus, who built India's largest online classifieds co". timesofindia-economictimes. Archived from the original on 7 March 2016. Retrieved 4 March 2016.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - ^ a b Kul Bhushan (30 November 2012). "Quikr co-founder Jiby Thomas quits company to start new internet venture". Techcircle.in. Retrieved 4 March 2016.
- ^ Srinivasan, Supraja (2018). "Pepperfry partners with Quikr for its furniture exchange program". The Economic Times. Retrieved 16 January 2018.
- ^ Kul Bhushan (13 November 2013). "Property, gadgets, automobiles and jobs most popular on Quikr" (Interview). Digit.in. Retrieved 26 August 2015.
- ^ "eBay Inc. & Matrix Partners India Announce New Partnership - Kijiji India to be jointly owned by eBay & Matrix Partners". Ebay (Press release). Retrieved 4 March 2016.
- ^ "Classifieds website Kijiji India is now Quikr.com". Business Standard. 29 January 2013. Retrieved 6 November 2018.
- ^ "Quikr acquires CommonFloor!". Commonfloor Blog.
- ^ "Quikr buys CommonFloor in $200-mn all-stock deal". 8 January 2016. Retrieved 16 April 2016.
- ^ Chanchani, Madhav A (30 July 2009). "Quikr Raises Rs 20 Cr In Series-B From Omidyar, Matrix India". VCCircle. Retrieved 21 June 2010.
- ^ "Quikr raises Rs 550 crore from group of investors led by Swedish investment company Kinnevik". The Economic Times. 12 March 2014. Retrieved 26 August 2015.
- ^ "Quikr founder shows how to take an old idea and make it new". Business Standard. 14 March 2014. Retrieved 26 August 2015.
- ^ "Online ads firm Quikr raises Rs 548 crore from foreign investors". The Times Of India. 12 March 2014. Retrieved 26 August 2015.
- ^
"Quikr raises $90 million". The Hindu. 13 March 2014. Archived from the original on 24 June 2014. Retrieved 26 August 2015.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^
"Quikr.com raises Rs. 548 cr in private equity". The Hindu Business Line. 12 March 2014. Archived from the original on 16 June 2014. Retrieved 26 August 2015.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^
"Swedish firm Kinnevik to invest in Quikr". The Economic Times. 11 March 2014. Archived from the original on 16 March 2014. Retrieved 26 August 2015.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^
"Why investors are betting big on Indian e-commerce firms". Mint. 13 March 2014. Archived from the original on 15 May 2015. Retrieved 26 August 2015.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Agarwal, Meha (7 December 2018). "Quikr Raises $7.8 Mn Venture Debt From InnoVen Capital". Inc42 Media.
- ^ Srinivasan, Supraja (2018). "Pepperfry partners with Quikr for its furniture exchange program". The Economic Times. Retrieved 16 January 2018.
- ^ Shukla, Saloni; Srinivasan, Supraja (21 December 2017). "Quikr acquires HDFC's digital, realty units in all stock deal". The Economic Times. Retrieved 16 January 2018.
- ^ "The business savvy of a "missed call"". Archived from the original on 16 May 2015. Retrieved 26 August 2015.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Quikr launches chat service to boost sales". The Economic Times. Retrieved 26 August 2015.