Avendus Capital Advises Quikr on Its USD 150 mn Fund Raise From Tiger Global Management, Investment AB Kinnevik and Steadview Capital.

Quikr is the largest classifieds business in India with more than 30 million monthly consumers and small business users across 1000 cities. The company is focused on delivering the best possible classifieds experience to the Indian consumer, and has brought out a series of innovations to adapt the conventional classifieds model to the needs of the local consumers.

Kinnevik is an entrepreneurial investment group focused on building digital consumer brands in four sectors: Communication, E-commerce & Marketplaces, Entertainment, and Financial Services. We work in partnership with talented founders and managers to create, invest in and lead fast growing digital businesses both in developed and developing countries. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap companies under the ticker codes KINV A and KINV B.
 
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 Flipkart, SurveyMonkey, Warby Parker, Yandex, Facebook, Linkedin, Jingdong, Despegar, Mail.ru Group, Ctrip, 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.

Steadview is an India-focused investment firm based in Hong Kong. The firm makes concentrated longterm investments in publicly listed and private companies; its private investments have ten-year investment horizons. The firm invests across sectors, with an emphasis on the technology, consumer, high-end manufacturing, and financial services sectors. Steadview’s limited partners include university endowments, pension funds, non-profit foundations, and family offices. It was founded in 2009.