Justdial revenue model: from Garage to million dollar Indian company

Justdial revenue model

Justdial revenue model

Today we will discuss a company that was started from a garage “Just Dial”. This company works in the Search engine and internet sector. The company was started in 1996 by two people, V.S.S Mani and V Krishnan.

Today in this news article of Bhartiye Times, we will try to understand the Justdial revenue model, the business of Justdial, and Mukesh Ambani’s investment in Just Dial.

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The company was started in 1996 in a garage by V.S Mani. “Just Dial” is an Indian company that provides local search services for different services both on the phone and online. It provides its services via the Internet, SMS, and the web. Justdial is also known as, India’s No. 1 Local Search Engine.

How did Justdial Started?

The company was registered in 1994 it was started in a rented garage with an investment of 50 thousand. It was started by V.S Mani and he is currently MD. and CEO of Justdial.

Justdial Revenue Model?

Justdial operates both free and paid revenue models. Small businesses can register free of cost in Justdial the company’s target is to provide contact information of many service providers to its users through phone SMS and the Internet. The company earns revenue from those businesses that want to provide their contact information first in the services demanded by the users.

For this business pays Justdial to suggest their services to the customers. And so Justdial recommends the name of their premium customer first to the users. It also generates revenue from advertisements. (Justdial revenue model)

According to some reports company’s revenue was almost 1000 crore and its profit was 162 crore when Mukesh Ambani bought the majority of stakes. Mukesh Ambani paid 1332 crore for the Mani’s stakes and Rupees 2200 crore was for the open offer. Altogether they paid Rupees 5700 crore for the majority of the stake at a valuation of 8,500 crore.

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