In a funding round led by Tiger Global, the online classified site Quikr has raised $ 60 million, reports the Economic Times. Existing investors Kinnevik, eBay, Omidyar Network, Matrix Partners India, Nokia Growth Partners and Norwest Venture Partners also participated in this funding round.

In March 2014, Quikr had raised $ 90 million in a funding round from their exisiting investors, led by Kinnevik, a Swedish investment firm. Back then Quikr was valued at $250 million. An anonymous source told to Economic Times that the new funding round may give Quikr a post-money caluation of $460 million.  

Quikr intends to use the newly raised funds to bolster expansion plans of its mobile business, which accounts for 70% of the traffic and has grown exponentially in the past one year. The company alleges over 30 million users monthly who provide 10 million ad listings on their site.

Pranay Chulet, Founder and CEO of Quikr, told the Economic Times, "The explosive growth in mobile internet is fundamentally reshaping the Indian classified internet market and we are well positioned to be at the forefront of this growth."

Hitherto, Quikr has raised around $200 million, placing it in the ranks of one of the most heavily capitalized Indian online companies outside ecommerce.

In the Economic Times report, Lee Fixel, partner at Tiger Global Management is quoted as saying "By leveraging the company's strengths as a local player, Quikr has seized a tremendous opportunity in a rapidly growing market."