Justdial raises 327 Crores led by Sequoia Capital 3


JustDial, India’s biggest local search engine has deferred its plan to go public and have gone ahead and raised Rs 327 Crore from SAP Ventures and existing investor Sequoia Capital which led this round with investment of Rs 305Cr, its largest investment in India.

Justdial promoters and employees owns 40% of equity in the company while rest 60% lies with investors which include Tiger Global, Saif partners

Founded in 1996 with an mere investment of Rs 50,000, Just Dial is India’s bestknown local search provider and considered as backbone in the SME segment.

Just Dial, which delivers services across the Web, phone and mobile Internet, has a database of about 7.8 million merchant listings, with over 12 million merchant ratings and reviews. Currently 60% of queries originate from internet and mobile, though it started as telephone based service.

Justdial plans to file a DRHP next month and is planning to go public in 2013 and primarily it will be a  liquidity event for their  investors. Just Dial had a total income of Rs. 189.9 crore in fiscal 2011, up 41% over the previous year while the company’s profit after tax rose 55.3% to Rs. 28.62 crore, according to the DRHP filing.

Lets look at their monthly web traction:-

Unique visitors
7.4M
Unique visitors
3.5M
Reach
0.2%
Page views
31M
Total visits
7.5M
Avg visits per cookie
1
Avg time on site
7:10

 

The local search/information engine space in India has generated strong interest among investors. Last month, Quikr raised $32 million in its fifth and largest round of fund raising.

-Hitesh, vcBytes.com

  • Arun

    this will be interesting am banking on this one stock next…. will try all means!

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    Four Interactive runs FinderBoy.com, an online service that provides information on food, events, lifestyle, shoppingand so on. The company is building the content from scratch and making it available for search from its own database (instead of the world wide web). The content is supplemented by reviews too.

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