New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …
Tag: BCCL
Investment firm Kinnevik raises Quikr valuation
Bengaluru: While several Indian startups in recent times have seen their valuations being marked down by mutual funds holding shares of those firms, online classifieds firm Quikr’s valuation has been raised to $1.47 billion by one of its investors, Kinnevik, in its latest quarterly report. …