Online classifieds player Quikr India raises $20m from Brand Capital

Visual sourced from Quikr website

Online classifieds firm Quikr India Pvt. Ltd has raised around Rs.130 crore from Brand Capital, the private treaty arm of media company Bennett, Coleman and Co. Ltd (BCCL), said two people aware of the development.

According to documents filed with the Registrar of Companies, Brand Equity Treaties Ltd, which owns Brand Capital, invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of the same price.

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