Quikr loses unicorn tag as Swedish investor Kinnevik pares valuation
Business | February 19, 2020 11:30 ISTOnline classifieds marketplace Quikr is no longer a unicorn, or a start-up valued at more than $1 billion. Swedish investor Kinnevik, which has 17 per cent stake in Quikr, has devalued it by 45 per cent to roughly around $570 million due to the fraud committed by certain dealers and vendors in its managed rentals segment.