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Havish Gupta

Figuring Outย โ€ขย 1y

Unique Startup Stories (13/20) โ‚น3,000 Cr funding, 13 acquisitions, and mere โ‚น50 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 โ€ข find an apartment to live in โ€ข sell or rent old car, laptop or furniture โ€ข promote your small business โ€ข find a tuition โ€ข join a salsa class โ€ข 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: โ‚น50 cr FY22: โ‚น49 cr FY21: โ‚น60 cr FY20: NA FY19: โ‚น120 cr It had a โ‚น9 Crore loss last year. FUNDING โ€ข 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

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