Quikr secures $150m funding round

Quikr, an India-based classified ads company, has raised $150 million from Tiger Global, Investment AB Kinnevik and Steadview Capital. The investment round bring Quikr’s total funding to $350 million. The website claims to attract 30 million monthly users and is active in 1,000 cities in India.

Privateer Holdings, a private equity firm which invests exclusively in legal cannabis, has secured $75 million in new funding. The company has now raised a total of $82 million and will use the funds to build a global portfolio of cannabis brands. “Cannabis prohibition and the destructive social injustices it causes are going to end sooner than people think,” said Privateer Holdings co-founder and Chief Executive Officer Brendan Kennedy. “As the cannabis market transitions from a state of prohibition to a state of legalization around the world, we are proud to be building a global portfolio of mainstream, responsible brands that are setting the standard for the industry in terms of quality, professionalism and social purpose.”

Cliqr, a cloud migration and management company, has secured $20 million in Series C funding, led by Polaris Partners. Foundation Capital, Google Ventures and TransLink Capital all participated. Cliqr plans to use the funds, which bring the company’s total investment raised to more than $38 million, to expand global distribution. “Polaris Partners is seeing tremendous disruption in the IT sector as organizations move to hybrid cloud environments,” says Gary Swart, venture partner at Polaris Partners. “Whether a company is starting its movement to the cloud very simply or planning to migrate and manage a complex environment of clouds and applications across multiple geographies, CliQr is the clear frontrunner in helping businesses attain the benefits of cloud computing — flexibility, scalability and affordability — without sacrificing cloud portability, security or governance.”

Chinese food ordering platform Meican has raised $23 million in Series C funding, Chinese media reports. The funding was led by Dianping.com, a review website similar to Yelp. KPCB China, Nokia Growth Partners and Trustbridge Partners also participated.