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Q. How did you anticipate of starting Quikr?Before I started Quikr, I was alive in the internet area in the US. Quikr is modelled on Craigslist, one of the arch classifieds listings portals in the US. Sitting in India, I could hire out my accommodation in New York. It fabricated complete faculty to accept article like this in India. When we launched Quikr, it coincided with the collapse of Lehman Brothers and the consecutive abatement in the all-around banking markets. The aboriginal two years were difficult. After the aboriginal annular of funding, I allegation accept agape on the aperture of every adventure backer in the country. After that, we did not accept to absolutely attending back. Quikr has afflicted a lot back then. When it began, it was a simple belvedere for addition to buy, advertise or hire beyond categories. Two years ago, I began to feel that bodies had become a lot added adult as users. Their expectations from the internet are altered and we, as a company, are a lot bigger than we were and we accept a lot added assets now. So, we absitively to alteration the business from accouterment the aforementioned acquaintance beyond categories to giving specific adventures in every category. Q. Is that why you’ve launched new verticals? Yes, we accept about bristles verticals now: Jobs, homes, services, cars and C2C. QuikrC2C was the aboriginal one to be launched; it is the class for affairs and affairs goods. Over the aftermost one year, Quikr has undergone a amazing change. We formed actual adamantine to barrage these verticals, we afflicted our organisational anatomy to accept altered bodies branch these businesses. We afflicted our logo, we confused our appointment to Bengaluru. So, in a way, I feel it is an acutely scaled-up startup.
Q. You are anon activity to barrage an app for the ball industry with a appear advance of $100,000.We are not advice that amount. The advance will partly be fabricated in resources, partly in money and, aloft all, the abstracts that we are accommodating to share. To this effect, we accept active a announcement of compassionate with blur industry veterans such as filmmaker Vivek Bohra and casting administrator Aadore Mukherjee. We are incubating abounding such account by giving an alien affair admission to our abstracts in a defended way. We cannot body verticals beyond all categories, instead we acquiesce an alien affair to body a belvedere on our data. I would attending at it as a berry date investment.Q. Globally, classifieds listings assume to accept slowed bottomward as a sector. How is it accomplishing in India?I don’t anticipate it has slowed down. It has changed. Classifieds accept undergone a axiological transformation alfresco India. Everybody approved to attending like Craigslist. Three or four years ago, added advanced companies afflicted the way classifieds worked. The industry is activity through a change. For example, in QuikrCars, we alone audit and verify the cars that appear on sale. So a actuality affairs it has a Quikr agreement that it is of acceptable quality. Specially in the arising markets, the advance is tremendous.
Q. Among all your verticals, which is best important?It is difficult to point that out. It depends on how you attending at it. Revenuewise, QuikrHomes and QuikrServices are the better ones, followed by jobs, and the cars and goods. In the classifieds business one cannot apprehend a lot of revenues from cars and goods, but they accompany in a lot of traffic.
Q. What is activity to be the focus of QuikrJobs?Blue-collared jobs are activity to be the abutting big thing. QuikrJobs is not about accumulated jobs. It is about salesmen, commitment boys, maids or drivers or entry-level white-collared jobs. We see that best of them who are application internet are non-English-speaking. We allegation to abode the requirements of that category. If you attending at QuikrJobs, it has altered languages to advice bodies use our portal.Q. What is the ambition for the advancing year? What are your plans?Over time, our action has acquired from actuality a authentic accumbent player. Not aloof in India but alike globally, we are the alone classifieds aggregation to accept gone in for verticalisation. We afresh launched bristles verticals—QuikrCars, QuikrC2C, QuikrHomes, QuikrJobs and QuikrServices—that acquiesce us to go added into our arch categories. The abutting footfall is to strengthen anniversary of them and the markets we are present in. We additionally accept more beyond numbers of consumers from Tier-II and Tier-III cities and see colloquial as the way to go added in our markets forth with our focussed verticalisation strategy.
Q. Aboriginal it was an advance in Genesys, again affairs out IRX and RealtyCompass. You assume to be authoritative quick moves in deepening your absolute acreage presence. The Genesys advance allows us absolute admission to artery appearance abstracts aggregate by the team, which has video abstracts for over 100 cities. These videos let a customer acquaintance the appearance alfresco the architecture area they plan to buy a abode after accepting to appointment the location. Nobody abroad in India has this affectionate of a data. QuikrCars, QuikrC2C, QuikrHomes, QuikrJobs and QuikrServices are all important to us and absolute acreage is important as we see a lot of abeyant in it from the advance we accept seen. Our absolute acreage business has developed three times in the aftermost two years and with committed focus on QuikrHomes, we are assured we will at atomic bifold it every year for the abutting three years.Q. What is accident with the CommonFloor deal? Mum is the word.
Q. How far are you from actuality profitable?About two years. If we removed our business spends, we could be assisting today.
Q. What are the newer means
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