India: Tiger Global to infuse fresh capital in classifieds portal Quikr

Visual from Quikr website

New-York based Tiger Global Management is expected to infuse fresh capital in online classifieds major Quikr, which is close to acquiring realty portal CommonFloor for about $160 million, over a three times jump in the previously quoted deal amount.

The acquisition may also see Bengaluru-based Quikr, which is being valued at $1.5 billion in the transaction, entering the elite unicorn club, said a report in The Times of India.

Bring stories like this into your inbox every day.

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