Quikr FY17 standalone revenue jumps 55%

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New Delhi | Updated: January 22, 2018 2:01:06 PM

Online classifieds portal Quikr India posted a 55% jump in its standalone revenues at Rs 63.7 crore in the previous financial year, according to filings with the Registrar of Companies (RoC) and research platform Tofler.

Quikr FY17, Online classifieds portal, Registrar of Companies, Falcon Edge Capital, Tiger Global, Kinnevik AB, HDFC Realty, HDFC In FY16, Quikr’s losses had widened 19.7% to Rs 534 crore, while consolidated revenue had risen 44% to Rs 94.5 crore. (Twitter)

Online classifieds portal Quikr India posted a 55% jump in its standalone revenues at Rs 63.7 crore in the previous financial year, according to filings with the Registrar of Companies (RoC) and research platform Tofler. The company is yet to file its complete financials. In FY16, Quikr’s losses had widened 19.7% to Rs 534 crore, while consolidated revenue had risen 44% to Rs 94.5 crore. The filing revealed that Quikr has invested Rs 391.43 crore in bonds, debentures and mutual funds. According to Crunchbase – a website which tracks funding – Quikr, till date, has raised $430 million, and counts Tiger Global, Kinnevik AB, Falcon Edge Capital as its investors. Besides acquiring real estate brokerage firm HDFC Realty and HDFC Developersin all-stock transactions worth a total of Rs 357 crore in December last year, the company had bought Babajob, Zimmber, Grabhouse, Stayglad, among others. In all, Quikr has so far acquired 13 firms.

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