Private equity firm Warburg Pincus and existing investors have invested $32m in India-based online classifieds firm Quikr.
Online retail giant eBay, and its co-founder’s family office Omidyar Network, and venture capital firms Matrix Partners India and Norwest Venture Partners, reinvested in Quikr alongside Warburg Pincus.
In May last year, Quikr, an India-based local classifieds advertising company, 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 that D round were 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.