Writing all about SAP, talking all about SAP, and breathing all about one sector is infact quite boring. Let’s talk about ventures… Shall we? I started a little read on few enterprises that are carefully phasing for more seeds of rounds.
Many tend to look at the average startup environment as network, which is comfortable and implies a sense of order that creates a well-defined hierarchy. At the bottom would be those companies that are designed chiefly to bolster those that are meant to ascend to greater heights. In accordance with how successful each company becomes the pyramidal structure continually narrows as it ascends. Eventually it is seen to culminate at its apex with those few companies that are considered to be worth well over a billion dollars unicorn startups.
Quikr has rapidly become its own entity after being founded in 2008 by Pranay Chulet and Jiby Thomas. It is essentially the same type of site as Craiglist, which admittedly inspired the site to begin with. At the current date Quikr is estimated to be worth roughly $1.3 billion dollars, settling it easily upon the top tier of businesses that have achieved such greatness. To Chulet, who had been working with U.S. prior to founding Quikr, the idea simply made sense. Very similar to the effect felt in America by Craiglist, Quikr offered the vast number of people in India a chance to put aside their newspapers and stacks of classified ads in favor of a much easier and more extensive platform from which to buy and sell goods.
Continuing in the same model as Craigslist, Quikr also offers the chance for many smaller companies and enterprises to market their goods and form lasting connections with their customers, making it far easier to gain the needed exposure for their brands. Such methods as Justdial were already present before Quikr came about, but their progress was quite slow and not as reliable. They were still geared towards replacing bulky and largely unused newspapers, but they were still equally as slow and unreliable in some cases, requiring a great deal of effort on the part of the buyers.
Despite this, Justdial is still a large competitor for Quikr, largely because Quikr is an optimistic service that has not yet gained any true roots within Indian culture. It’s worth is estimated, and not yet assured. Despite this, current changes in how the platform is run have shown that Quikr still possesses a great deal of promise. While the site cannot fully emulate the many different functions of Craigslist or display its versatility, it has been reconditioned in order to better serve the public that it has been designed to help.
Quikr still has a ways to go before it can be considered a true comparison to the site that inspired its creation. However, by taking a different tactic and employing a more vertical mode of business rather than the horizontal method that Craigslist employs, the site and its founders hope to eventually create a more steady base from which to continue their ascent to the top of their industry.
P.S. In no way, am I promoting Quikr. I am 100% sure it has a repute for its annoying ways to call up clients in the middle of the lunch or at a hospital at-least 20 times a day and demand us take the service. Read between the lines my friends. One word for investors – Avoid.