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Quikr raises venture debt of Rs 55 Cr led by InnoVen Capital

11 1 29

The funds will be used to scale transaction businesses across Quikr verticals. Founded by Pranay Chulet and Jiby Thomas in 2008, it competes with Argentina-based OLX.

Online classifieds marketplace Quikr has raised a debt funding of Rs 55 crore (approximately $7.76 million) led by InnoVen Capital. The platform helps users buy, rent, sell anything across India.

The company has raised close to $400 million in equity funding and has made over 13 acquisitions, including Babajob, StayGlad, CommonFloor, Stepni, and a few others. Media reports have quoted co-founder Pranay Chulet saying that half of........

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