Quikr, an India-based local classifieds advertising company, has raised $8m in its series D round from a consortium led by Nokia Growth Partners (NGP), the corporate venturing unit of Finland-based mobile phone maker Nokia.
Also in the round are venture capital firm Norwest Venture Partners and online auctioneer eBay.
Quikr has raised about $19m since it launched and in April last year raised $6m from Norwest and VC peer Matrix Partners India, philanthropic family office Omidyar Network and eBay.
Upal Basu, managing director of NGP Advisors India, said: "We are impressed by Quikr’s growth and product leadership in online classifieds. We expect the rapid adoption of 3G and smartphones to create significant new opportunities for Quikr to deliver classifieds and other local commerce opportunities to mobile devices."
News provider VCCircle said investors had also backed Quikr peers Ver se Innovation, Ask Laila, GetIt Infoservices (half owned by Malaysia-based Astro All Asia Networks), Network Management (30% owned by internet portal Yahoo), JustDial and Sulekha, and OLX.