Kinnevik cuts valuation for India's Quikr
Swedish investment firm Kinnevik has revised downward its valuation of Indian online classifieds platform Quikr, citing fraud-related concerns and a changed measurement metric.
Kinnevik, Europe’s largest listed technology investor, disclosed in its latest annual report that its 17% stake in Quikr is worth SEK941 million ($96 million), down from SEK1.7 billion a year earlier....
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