MUMBAI: Indian online classifieds portal Quikr has secured US$60mil (RM194.52mil) from backers led by US investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.
Indian online businesses, especially e-retailers, have been a favourite for global investors who are betting on the segment's growth in a country which already has the world's third-largest population of Internet users, even though less than a fifth of its 1.3 billion people have access to the web.
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