JUSTDIAL : Information one call away

• ByStartupStory     |    December 13, 2021

Sowing the seeds of JustDial

Justdial is a company which provides local search for different kinds of services in India over the phone, online. The company is engaged in providing search related services to its users. It is also engaged with other information related services. It is available in various platforms like web, mobile applications and mobile internet.

Proud beginnings are never successful I believe! This company came from humble beginnings. The registration of their company was done in the year 1994. They started with a hired garage, rented furniture, meagre investment of 50,000 and 5 to 6 employees. Beginnings are always tough. It’s never a bed full of roses to anyone I suppose! It was really hard for the new startup company but anyway they made it and now we all know the word ‘JustDial‘.

The founders and their vision

V.S.S. Mani is the CEO, CEO and Founder of Justdial. He has been with the company since its inception. He is an experienced and visionary management professional. 25 years  experience makes him  in this field. DRAW Krishnan is a nonindependent executive manager in the company. He is the co-founder at Justdial. He is an entrepreneur. He took his education at the University of Delhi. He is the cofounder of the company and is playing a key role with important responsibilities.

The company’s slogan is anything, anytime, anywhere. It is said to be the  number one local search engine in India for  users. Its task is to provide users with information  about “anytime,” “anywhere,” “anywhere,” and “everything.”

How does JustDial work

The company’s business model  is usually a combination of free and paid services. The list of  small businesses is provided free of charge. The company’s goal is to work on a collection of data processes that provide a lot of evidence to  users over the phone, SMS and the Internet. The company, like Google, makes a lot of money from a list of small businesses that fund when someone says they call  an electrician. The company has about 100,000 of these and works the same  as Google. They pay when they get the lead for the service in question. 

 The company’s revenue model consists of premium subscriptions, job listings, analytics reports, and sales of  data  to consumers. Initially used  as a phonebook-based model. In  2019, the company’s sales were Rs 984.46. Justdial noted that as of March 2020, total sales had increased by an INR of 1,092.81 rupees.

Journey through the years

The company  is a  local search engine primarily based in Mumbai. The company’s net profit was $ 5.5 million, or Rs 38.5 million. The data was documented for the first quarter ending  June 30, 2018. At this point, the company’s total reported revenue was $ 30.2 million, or Rs 211.4. At that time, it increased by 11.3%, and it is still making a lot of profits. The above is an example of the successful growth of a company. The company’s  board of directors subsequently approved  a $ 31.5 million share buyback. 

 On July 17, 2021, Reliance Retail Ventures announced that it would acquire approximately 67% (66.95%) of Justdial’s stake. This is equivalent to a total cash payment of Rs 3,497. Mukesh Ambani-backed 

RRVL has already acquired a 40.95% stake in the search and discovery platform Just Dial and submitted a proposal to acquire an additional 26%. According to a recent press release, Reliance  confirmed that VSS Mani, the founder of Just Dial, will continue to lead the 25-year-old company as  Managing Director (MD) and CEO.

The company has a variety of competitors. Top competitors are Sulekha, IndiaMART, Asklaila, Quikr, Urban Company, Zimmber, Nearbuy, Timesinfoline, Exporters India, Fxchng and EC21. JustDial has  12,691 employees, with a total of more than 9,600 employees from all competitors. Due to the large number of employees, I was ranked first in the tournament. Competition  always exists in such  similar areas. “Every dog ​​has that day.” I hope you are familiar with this, so there are ups and downs in such areas, and it is inevitable that everyone has to deal with it.

Winding-up

Just Dial Limited  provides  users across India with phone calls (voice, pan-indian number 8888888888) and text (SMS) across multiple platforms including websites, mobile websites, apps (Android, iOS, Windows). The company plays a major role from the consumer’s point of view. It provides consumers with an advertising platform that enables business people to  increase their awareness in the marketing arena. Therefore, in general, the elements change. We are  modernized every day.

 

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