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Kinnevik: Kinnevik makes further USD 40 million investment in Quikr

Investment AB Kinnevik ("Kinnevik") today announced that it has participated
in a new funding round in Quikr Mauritius Holding Pvt Ltd ("Quikr"), the
leading Indian horizontal classifieds platform.

The Kinnevik USD 40m investment is part of a total USD 150m raise led by
Quikr's existing shareholders, principally Tiger Global Management, and
supported by new investor Steadview Capital Management. The new funding will
be used by Quikr to invest in new product development and verticalisation

Lorenzo Grabau, CEO of Kinnevik, commented: "We are pleased with the progress
that Pranay and his team have achieved over the last 12 months, in particular
with the success achieved by the recently launched instant messaging
platform. We look forward to supporting the growth of Quikr as the leader in
horizontal classifieds in the world's third-largest internet market. We are
delighted to welcome Steadview Capital as a new shareholder and look forward
to working with them."

He continued: "This investment is 100% in line with Kinnevik's strategy to
build leading digital consumer businesses in key markets around the world,
and to increase our ownership in our most successful companies. Together with
Avito and Saltside, we now have three very exciting investments in the
marketplace and classifieds sector in India, Russia and in a number of
frontier markets. "

Quikr is India's leading cross-category classifieds platform and is used by
over 30 million unique users a month. It is present in over 900 cities in
India and operates in over 10 categories that include mobile phones,
household goods, cars, real estate, jobs, services and education.

For further information, visitwww.kinnevik.seor contact:

| Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83 |
| Chris Bischoff, Senior Investment Director Phone +46 (0)8 562 000 00 |
Kinnevik is an entrepreneurial investment group focused on building digital
consumer brands in four sectors: Communication, E-commerce&Marketplaces,
Entertainment, and Financial Services. We work in partnership with talented
founders and managers to create, invest in and lead fast growing digital
businesses both in developed and developing countries.
Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families.

Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.

Press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via Globenewswire


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