Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Justdial.
We are no more in the age of our ancestors that we need to go to the restaurants in order to know what food they serve. We can easily view the menu items sitting back in our homes. Nowadays, we view the location of a store in our mobiles instead of going out and searching it on our own.
Read the Justdial success story below and get an idea of how far the world has changed and what is actually the aspect of this company to help it's consumers all around.
Company Highlights
| Startup Name | Justdial or JD |
|---|---|
| Headquarters | Mumbai, India |
| Sector | Search Engine and Internet |
| Founders | V.S.S. Mani and V. Krishnan |
| Founded | 1996 |
| Website | justdial.com |
Justdial - About
Justdial - Startup Story
Justdial - Founders And Team
Justdial - Tagline, Slogan And Logo
Justdial - Business And Revenue Model
Justdial - Marketing Strategies
Justdial - Funding And Investors
Justdial - Growth
Justdial - Competitors
Justdial - Future Plans
Justdial - FAQ's
Justdial - Conclusion
Justdial - About
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.
Justdial - Startup Story
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'.
Vidhi Punamiya
Justdial - Founders And Team
V.S.S Mani is the founder and CEO of the company Justdial.
V.S.S. Mani is the Chief Executive Officer, Managing Director and the founder of Justdial. He is associated with the business since it was incorporated. He is an experienced and visionary management professional. 25 years of experience makes him so in this field.
V. Krishnan is a non-independent 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 co-founder of the company and is playing a key role with important responsibilities.
Justdial - Tagline, Slogan And Logo
The tagline of the company is Anything Anytime Anywhere. It's said that it's India's number 1 local search engine for its users. Its work is to provide information to its users about 'anything' at any point in time - 'anytime' and in any place - 'anywhere'.
The logo of the company is :
Justdial - Business And Revenue Model
The business model of the corporation is generally a combination of free and paid services. The listing of the small businesses is made available at free of charge. The company's goal is to work on a collection of data processes providing a lot of evidence to its users through their phones, SMSs and the internet. The company makes wealth from a list of small businesses paying up to be financed listings when someone says call for an electrician much like Google. The company has got such around 100,000 and they also work in the same way as Google. They pay whenever they get a lead for the concerned service.
The Revenue model of the corporation is of premium subscription, a listing of classified ads, analytical reports and data selling to consumers. Initially, it's used to work as a telephone directory-based model. In the year 2019, the company raised a revenue of INR 984.46 Crores. Justdial noticed a jump in its total revenue, which amounted to 1,092.81 crores INR in March 2020.
Disha
Justdial - Marketing Strategies
The company deals with multiple organizations. Dealing helps a lot in giving information about the organization on their portal. Training of 3 months are always held by the company whenever the candidate is selected for a Marketing Executive post. They say the training session makes them become nostalgic about their school days.
Karan suri
Justdial - Funding And Investors
Justdial has raised a total amount of $85 Million in funding over the 3 funding rounds.
| Date | Transaction Name | Money Raised | Lead Investors |
|---|---|---|---|
| January 25, 2016 | Post-IPO Equity | $18 Million | Nalanda Capital |
| June 27, 2012 | Series E | $57 Million | Sapphire Ventures, Sequoia Capital India |
| June 6, 2011 | Venture Round | $10 Million | Sapphire Ventures and Sequoia Capital India |
Justdial is funded by 6 investors. Sequoia Capital and Nalanda Capital are the most recent investors.
Justdial - Growth
The company mainly is a Mumbai-based local search engine. The company documented a net profit of $5.5 Million that is Rs. 38.5 Crores. The data was documented in the first quarter ending that was June 30, 2018. Then the company's total reporting revenue was standing at $30.2 Million that is Rs.211.4 Crores. It witnessed a growth of 11.3% then and is still witnessing a lot. Above mentioned was an example of the company's successful growth. The board of directors of the company approved then a buyback of shares that was of $31.5 Million.
On July 17, 2021, Reliance Retail Ventures announced that it would be acquiring around 67% (66.95%) shares in Justdial. This would amount to a total cash consideration of Rs 3,497 crores.
RRVL, backed by Mukesh Ambani has already acquired 40.95% stakes in the search and discovery platform, Just Dial, and would make an offer to acquire another 26%. According to a recent press release, Reliance has confirmed that VSS Mani, founder of Just Dial will continue to lead the 25-year-old company as the Managing Director (MD) and Chief Executive Officer (CEO).
Justdial - Competitors
The company has got various competitors for itself. The top competitors are Sulekha, IndiaMART, Asklaila, Quikr, Urban Company, Zimmber, Nearbuy, Timesinfoline, Exporters India, Fxchng and EC21. JustDial has got 12,691 workers and in total, all of the competitors have raised over 9,600 employees. As the number of employees are high so it ranked 1st among its competitors. Competition is always present in such kind of similar fields. 'Every dog has its day '. I hope everybody knows this well and so there will be ups and downs in such fields and everyone has to face it because it's inevitable.
Justdial - Future Plans
Let's talk about what happened a few years ago. In the year 2013, the corporation went public on the National Stock Exchange ( NSE) with a high amount of list of prices. In the year 2015, it announced it's future plans to buy 25% of the aggregate of it's paid-up capital and free reserves at an estimated cost of Rs 170 Crores that is $26 Million. The plan was implemented. Few says Justdial has a future. Few disagree with the fact. It's all upon the consumers they want to believe or not. But I think everybody wants the best so future planning helps one to acquire the best!
Justdial - FAQ's
What is JustDial?
Justdial is a company that provides local search for different kinds of services in India over the phone, online.
Who is the Founder of JustDial?
V.S.S Mani is the founder and CEO of the company Justdial.
What services does JustDial provide?
The company is engaged in providing search-related services to its users. It is also engaged with other information-related services.
Who are the competitors of JustDial?
The top competitors are Sulekha, IndiaMART, Asklaila, Quikr, Urban Company, Zimmber, Nearbuy, Timesinfoline, Exporters India, Fxchng and EC21.
Justdial - Conclusion
Just Dial Limited is India's No. 1 Local Search engine that provides local search related services to users across India through multiple platforms such as website, mobile website, Apps (Android, iOS, Windows), over the telephone (voice, pan India number 8888888888) and text (SMS). The company is playing a great role in the consumer point of view. It provides an advertising platform to its consumers, where businessmen can increase their visibility in the marketing section. So, generally, elements are changing. We are getting modernized day by day.
Author: Purbalee Dutta
Source : https://startuptalky.com/justdial-success-story/
Date : 2021-07-17T13:58:00.000Z