India: Quikr valuation surges 3.5 times amid funding slowdown

India: Quikr valuation surges 3.5 times amid funding slowdown

Visual sourced from Quikr website

At a time when a slowdown in funding has stoked concerns of a downslide in valuations of large consumer Internet firms, online classifieds portal Quikr’s valuation surged 3.5 times in the 12 months between 31 December 2014 and 31 December 2015, according to an annual report published by its Swedish investor AB Kinnevik on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter