Quikr loses unicorn status as valuation downgraded by 12%
Bengaluru-based cross-category classifieds platform Quikr has lost its unicorn status as its Swedish investor Kinnevik marked down its valuation by 12% to $884.94 million as of December 2017. Kinnevik holds 18% stake in the classifieds company. Founded in 2008, Quikr's investors include Tiger Global Management, Matrix Partners India, Warburg Pincus, and Omidyar Network.