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Matrix Partners India-backed Quikr raises $60M in Funding led by Tiger Global Management

Mumbai, India – September 17th, 2014: Quikr, India’s No. 1 classifieds business, today announced that it has secured a $60 million investment led by new investor Tiger Global Management, a global investment firm, with participation from its current investors. Quikr’s current investors include Warburg Pincus, Kinnevik, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, eBay Inc and Omidyar Network. The new funding will be used by the company to invest in product development as well as further expansion of its fast growing mobile business. “The explosive growth in mobile Internet is fundamentally reshaping the Indian classified Internet market, and we are well positioned to be at the forefront of this growth”, said Pranay Chulet, Founder and CEO of Quikr. “This funding round is a powerful validation of our local knowledge and connections, skilled execution and quality management team. We are excited to welcome Tiger Global to Quikr as we continue to further grow our platform.” Quikr is a large scale cross-category classifieds business with over 30 million monthly consumers and small business users across 940 cities. These consumers come to Quikr to sell, buy, rent or find products and services in a variety of categories such as electronics and household goods, real estate, cars, bikes, employment and other services. “It is exciting to see a Company that was seeded by Matrix India scale new heights. Pranay is an outstanding entrepreneur who we are privileged to work with and we welcome Tiger Global to the Quikr partnership", said Avnish Bajaj, co-Founder and Managing Director, Matrix India. “Quikr has grown rapidly to become one of India’s major classifieds players with a deep understanding of the local market”, said Lee Fixel, Partner at Tiger Global Management. “By leveraging the company’s strengths as a local player, Quikr has seized a tremendous opportunity in a rapidly growing market. We look forward to supporting the Quikr team.” About Quikr: Quikr is India’s leading cross-category classifieds platform that is used by over 30 million unique users a month. It is present in 940 cities in India and operates in over 10 categories that include mobile phones, household goods, cars, real estate, jobs, services and education. Quikr operates across desktop, laptop and mobile phones, and allows consumers as well as small businesses to sell, buy, rent and find things across its multiple categories with great ease. Quikr’s investors include Warburg Pincus, Kinnevik, Matrix Partners India, Tiger Global Management, Norwest Venture Partners, Nokia Growth Partners, eBay Inc and Omidyar Network. Further information is available at www.quikr.com About Matrix Partners India: Matrix Partners India is an investment firm with INR 3,000 crore under management. The firm invests in companies targeting the Indian consumer market at the seed, early and early growth stages. The firm has invested in several market leading companies in the consumer technology space including Olacabs (cab marketplace), LimeRoad (social commerce marketplace), Stayzilla (stays marketplace), Newshunt (local language mobile platform), Mswipe (mobile POS) and U2opia (social mobile apps) among others. Matrix Partners has a global network of funds investing in the US, China and India with US $3 billion under management. Further information is available at www.matrixpartners.in About Tiger Global Management: 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 SurveyMonkey, Warby Parker, Yandex, Facebook, Linkedin, Jingdong, Despegar, Mail.ru Group, Ctrip, Flipkart, 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

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