Matrix India and Omidyar Network Invest in Quikr, Classifieds Site

Matrix India, along with Omidyar Network has invested Rs. 20 Crore in Quikr, the online classified service (was earlier called, and before that was a subsidiary of eBay).

Quikr has shown an interesting traffic growth since the launch and now targets 18 India cities (claims 1.5 million userbase).

quikr traffic from India
Quikr Traffic (India)

Do you expect consolidation in online classified space in the coming days? (same team is on board of similar companies – strong synergy between the players).

What’s your take?

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