A month after reportedly being in talks with used goods marketplace Zefo, Quikr has closed the deal for an undisclosed amount. However, earlier reports had pegged the deal to be worth around Rs 200 Cr ($28.5 million).
Quikr’s 15th acquisition – Zefo is expected to help the company expand its Quikr Assured vertical with a broader selection of products at lower prices. Sequoia Capital and other investors in Zefo are likely to get an exit through the transaction. (Source)
Literature major from Delhi University, I am trying to bring in fresh and relevant perspective in the events occurring in this budding space for entrepreneurs. The time spent working towards bringing across – to our readers – transparent information regarding the companies that contribute to the growth of our startup economy is the most exciting part of being an author at Entrackr.
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