Ideas|Products|Startups|VCs

Quikr, India’s leading horizontal classifieds player, has raised $6 million in series C funding round led by Norwest Venture Partners (NVP), and returning investors, Omidyar Network, Matrix Partners India and eBay Inc. With this round of financing, Quikr has raised in excess of Rs 50 crore since inception. Norwest Venture Partners, which led the round, has invested about $4 million.

Quikr offers a web-based classifieds platform that addresses the needs of local communities in 40 cities across India. More than 8 million consumers visit Quikr every month to buy, sell, rent or find things.

Above figure compares the traction at Quickr, Sulekha and ClickIndia.

Interestingly NVP is an existing investor in Sulekha, another classified portal. Local classifieds portals are becoming hot favorites for investors. Earlier Helion invested in GETIT, Sequoia capital raised their equity in Justdial and NVP invested in OLX.

-Hitesh, vcBytes.com

If you get fun by kissing and sharing your tale ijustmadelove.com will take your fun at new level altogether. I am amazed to find the thought process which goes behind developing portal like this.

ijustmadelove.com allows users to upload details of the place where they did it (outdoors or indoor), the time, the positions (six graphic positions are listed) in which they did it, and much more. The site powered by Google maps shows countries around the world.

Once my ex CEO told me data is priceless and i am sure portal like this going to garner millions of users, in other words sites with such whacky ideas are developed to attract users and later business model is developed on top of it.

-Hitesh, vcBytes.com