Davis Polk acted as U.S. law adviser to Warburg Pincus in connection with its investment in Quikr Mauritius Holding Private Limited. Existing investors Matrix Partners India, Norwest Venture Partners and eBay Inc. also participated in this round of fund raising, which is the fifth and the largest round of capital raised and involved an investment of $32 million.
Quikr is India’s largest horizontal classifieds platform with 17 million individuals and small businesses using it across 83 cities every month. Warburg Pincus is a global private equity firm focused on growth investing with more than $30 billion in assets under management.
The Davis Polk corporate team was led from Hong Kong by partner Kirtee Kapoor and registered foreign lawyer Amit Kataria. Partner John D. Paton and counsel Alon Gurfinkel from Davis Polk’s London office provided tax advice.
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