Unicorn classifieds’ start-up, Quikr all set to step intoblack

The verticalisation strategy of unicorn classifieds’ start-up, Quikr is paying off with three of its five business categories turning profitable.

Quikr which attracts about 30 million unique users a month, generated about $50 million in annualised cash revenue on a year-on-year growth of 80 per cent during the second half of calendar year, 2018. “Our revenue this fiscal has grown 115 per cent over last year and we will get to overall profitability in much less than six months. Our expenses have been flat in the last 12 months while revenue continues to grow, hence the cash burn has reduced automatically,” Pranay Chulet, CEO, Quikr told BusinessLine.