Avendus Capital advises Quikr on its $60 mn fund raise from Tiger Global Management and current investors.
Quikr, India’s No. 1 online classifieds business, announced that it has secured a $60 million investment led by new investor Tiger Global Management, a global investment firm, with participation from its current investors. Quikr’s current investors include Warburg Pincus, Kinnevik, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Omidyar Network and eBay Inc. The new funding will be used by the company to invest in product development as well as further expansion of its fast growing mobile business.
Avendus Capital was the exclusive financial advisor to the transaction.
Quikr is a large-scale cross-category online classifieds business with more than 30 million monthly consumer and small businesses users in 940 cities. These consumers come to Quikr to sell, buy, rent or find products and services in a variety of categories such as electronics and household goods, real estate, cars, bikes and employment and other services.
About Quikr | Tiger Global Management
Quikr is India’s leading cross-category classifieds platform that is used by over 30 million unique users a month. It is present in 940 cities in India and operates in over 10 categories that include mobile phones, household goods, cars, real estate, jobs, services and education. Quikr operates across desktop, laptop and mobile phones, and allows consumers as well as small businesses to sell, buy, rent and find things across its multiple categories with great ease. Quikr’s investors include Kinnevik, Matrix Partners India, Omidyar Network, Nokia Growth Partners, Norwest Venture Partners, Warburg Pincus and eBay Inc. Visit www.quikr.com for more details.
Tiger Global is a fundamentally oriented, global investment firm. The Firm deploys capital in private equity partnerships and public equity funds. Tiger Global’s private equity partnerships have ten-year investment horizons and invest in growth companies in the global Internet and technology sectors. Tiger Global’s private investments have included SurveyMonkey, Warby Parker, Yandex, Facebook, Linkedin, Jingdong, Despegar, Mail.ru Group, Ctrip, Flipkart, Makemytrip, Justdial, Netshoes, MercadoLibre, OnDeck, and Eventbrite. The Firm’s public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors. Tiger Global was founded in 2001 and is based in New York.
Equity Capital Markets
USD 197 mn
Digital, Technology & Consumer
Avendus Capital advises Amagi Media Labs on their IPO of USD 197 mn
February 2026
REACH OUT
Get in touch with us
We believe in audacious goals and we are here to partner with you, every step of the way.
Explore how we can help your business scale
