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Post on Medial

Havish Gupta

Stealth • 7m

Unique Startup Stories (13/20) ₹3,000 Cr funding, 13 acquisitions, and mere ₹50 Cr revenue! Meet Quikr, a free online marketplace that allows users to sell, buy, rent, and discover anything. ABOUT IT It was founded in Bengaluru in 2008 by Jiby Thomas and Pranay Chulet It is a single platform where anyone can • find an apartment to live in • sell or rent old car, laptop or furniture • promote your small business • find a tuition • join a salsa class • get an audience for a local event HOW IT EARNs 1) General Google Ads 2) Boosting seller's ads 3) When it refers other app's service COMPETITION It is in competition with the dutch company, OLX. Though OLX is winning this race with a 85% Market Share. REVENUE (declining) FY23: ₹50 cr FY22: ₹49 cr FY21: ₹60 cr FY20: NA FY19: ₹120 cr It had a ₹9 Crore loss last year. FUNDING • It raised total of $388 million from investor like Tiger Global So why do you think it has a 50 Crore revenue with a 3,400 Crore Funding

20 replies36 likes

Replies (20)

ak kapur

Stealth • 6m

As long as they generate positive cash flows, their losses can be ignored by investors.

1 replies

Alan Santhosh

Stealth • 6m

Insane man. Didnt knew about this. But honestly i dont get the USP of the Quikr app though.

1 replies1 like

Anonymous 3

Stealth • 6m

Tgeir marketing was only thing that was successful

1 replies2 likes

Saathvi SN

Stealth • 6m

Wait! Quicker was a company thatz has been existing since years

1 replies2 likes

Anonymous 2

Stealth • 7m

They should be dead in 2 years

2 replies2 likes

Anonymous 1

Stealth • 7m

Damn bro, awesome one 💯

1 replies1 like

Anirudh Gupta

Stealth • 7m

I literally forgot about this platform.

1 replies1 like

LIKHITH

Stealth • 7m

Nice Havish! Keep contributing.

1 replies2 likes

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