Online classifieds company Quikr has launched dedicated vertical for jobs. The job search vertical allows users to search for full time, freelancing along with other employment related opportunities. This move has come two months after the company raised $150 Mn from its existing investors Tiger Global Management, Investment AB Kinnevik, and first time investor Hong Kong-based Steadview Capital. The company made its plans clear that it will expand in key categories and mobile business.
The company has built up its classifieds and is now one of the leading classifieds portals. The company is now diversifying to keep its expansion an ongoing process while raking in as many users as possible.
The development was first reported by NBW.
Pranay Chulet, founder of Quikr had said that the big things for them are to continue to innovate for India, innovate for mobile and go deeper in key categories.
Earlier he imparted some details pertaining to company’s future plans and said that they will be launching dedicated verticals for cars and real estate as well. He added,”In case of cars we have launched special reports for used cars, in case of houses we are beginning to post more and more listings with images and so on. So essentially we are handholding our consumers or our users more as they transact with us in these categories.”
Quikr’s real estate portal, QuikrHomes which is yet to be launched has found its head already. The company has hired Manish Kumar Sinha, co-founder of Favista, Gurgaon-based real estate portal to lead the real estate arm.
For these dedicated portals he also revealed the revenue model. It will be like the revenue model the cross classifieds platform has at the moment. The platform will be used for free though it will offer premium listings and prospective leads to clients for a fee. The company will offer these premium services as an option and allow the site to run as a free platform.
The company claims that it gets 1 lakh paying customers and 3 crore new visitors every month on its site.
With diversification like these the company will be able to increase its reach as well as focus on different categories separately. It has already gained popularity with its cross classifieds platform and with its dedicated job portal it might disrupt the same. With its plans to venturing in real estate and cars whose sizes are huge, it is evident that company will be launching them anytime soon.
