bengaluru swedish investment firm kinnevik marked valuation quikr meg billion sep firm said annual earnings statement earlier month fall rating comes online classifieds minutes mart discovered imposter auto segment employees along vendors faked transactions take company laying workforce besides shutting divisions fraud toi cover notes reduction quikr worth due company shorten footprint additionally changed methodology valuation discounted cash flows net revenue multiples linked trading publicly listed peers besides fraud kinnevik executives said analyst maturation significant quikr one first unicorn see valuation cut financial investor recent age flipkart suffered series markdowns bounce back later online marketplaces like snapdeal shopclues also seen fall net worth owns quikr one and only largest shareholders on panthera tigris global management warburg pincus ground substance partners india among invested total million quikr including million last year seems internal assail funding swedish unshakable also hoping recovery entirely purpose retrenchment company get situation dependent external capital situation quikr buy time improve healthy part business point time increase valuation rather way around said kinnevik ceo georgi ganev analyst quikr interpreter comment valuation markdown directed toi blog january restructuring fraud undertaken audit identified pluck players marketplace exited employees company initiated necessary action parties involved said post added fraud impacted categories alike jobs goods services drive majority revenues year closing march quikr generated trillion annualised cash revenue yearly growth charge per unit little less according kinnevik describe six months ending announced finale polish funding nearly little phoebe years ago april mopped million became unicorn since company done series primarily stock acquisitions including mortgage lender hdfc real property brokerage business recently zefo goods seller backed redwood deals measure quikr billion kinnevik save valuation pegged last john r major investment round