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Quikr

Online classifieds / marketplaceIndia
✂️ Markdown
Peak $1.5 BillionToday
~-62%
from peak
  1. 🦄
    Became a unicorn
    2015
  2. 📈
    Peak valuation
    $1.5 Billion ’15
  3. 💔
    Became a Unitard
    2019
  4. 💸
    Last valuation
    ~$570M
Current status
Lost unicorn status; Kinnevik marked it to ~$885M (2017) then ~$565M (2019); near-defunct with minimal cash by FY2022 and no new equity since 2019.

How it happened

Quikr was one of India's largest online classifieds platforms, founded in 2008, spanning jobs, autos, property and used goods. Tiger Global- and Kinnevik-backed, it reached unicorn status around a $1.5B valuation in 2015. Aggressive diversification, mounting losses and later allegations of inflated revenue soured investors: Kinnevik marked it down to about $885M in 2017 and roughly $565M by 2019-20. With no new equity since 2019 and little cash left by FY2022, the platform faded toward collapse. Glassdoor reviews captured the shrinkage from inside: employees described repeated downsizing, particularly in engineering, and hire-and-fire uncertainty, portraying a business that by the 2020s had slipped into merely keeping the lights on.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: Inc42 / Online Marketplaces (unicorn at ~$1.5B 2015 incl. Tiger Global and Kinnevik; Kinnevik markdowns to ~$885M in 2017 and ~$565M by 2019-20 amid revenue-inflation issues; ~$1M cash by FY2022, no equity raised since 2019)

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