An email sent to Steadview Capital did not elicit a response. Quikr's founder and CEO Pranay Chulet declined to comment.
The new round of financing underlines rising investor frenzy to buy into potential market-leading internet companies.
Venture capital firm SAIF Partners has raised about Rs 2,170 crore for anew India-focused fund as it looks to back a new set of start-ups.
Helion Venture Partners, venture capital investors, is on the road to raise $300-400 million (Rs 1,850-2,500 crore) for its fourth India fund.
Among other things, TrulyMadly plans to invest in its messaging platform which sees over 2.5 million messages a month.
While Zivame is looking to raise over $25 million, rival PrettySecrets is also eyeing a new round of around $10 million.
“Local retailer penetration in India is very high and there are a lot SKUs (stock keeping units) available to customers in a small catchment area."
TinyOwl mops up rs 100 crore from Matrix Partners India and existing investors Sequoia Capital, Nexus Venture Partners
TinyOwl’s co-founders are IIT-Bombay graduates Harshvardhan Mandad, Gaurav Choudhary, Saurabh Goyal, Shikhar Paliwal and Tanuj Khandelwal.
Entrepreneurship: Look at 10 venture-funded cos like Snapdeal, Flipkart & how their valuations have changed
Fueling this are top venture capital investors and hedge funds flush with capital driving up valuations in a market where financial metrics are becoming less important.
The funding will mark a continuing run of success for Bengaluru-based family office that has helped portfolio companies successfully raise follow-on funding.
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