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IndusLaw remains dot-com PE darling with $150m Quikr injection from Tiger, eBay, others

Induslaw advised internet and mobile-based classifieds company Quikr Mauritius Holding in raising $150m (over Rs 900 crore) from existing investors Tiger Global, eBay and Sweden’s Kinnevik, and new investor Steadview Capital Management, LTR and ABG Capital, which were advised by Morgan Lewis and Gunderson Dettmer.

Indus partner Gaurav Dani, senior associate Dviya Varghese and associate Nikita Goyal acted for Quickr.

Morgan Lewis Boston partner William Perkins and associate Cindy C Kung advised eBay. Gunderson Beijing partner Christopher D Terry and lawyer Mao Chen acted for Tiger Global affiliate IFPL

The venture competes with Naspers-backed OLX in the P2P classifieds business in India, reported VCCircle.

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