Tag: 99Acres

Sanjeev Bikhchandani – From Vision To Venture, The Maverick Behind Naukri.com

A name associated with turning the digital face of the job market is Sanjeev Bikhchandani. His venture Info Edge happens to be the owning company for Naukri.com, and in turn, an idea turned out in a billion-dollar enterprise. He had a background of a middle-class family and he has built his path from being a simple marketing executive to a famous entrepreneur by clearly showing his ordinate strength of vision and strong will.

This was about the successful incorporation of Zomato and PolicyBazaar and his own dedication and passion for the future. In this StartupTalky article, we will explore Sanjeev Bikhchandani’s success story, including his early life, history, net worth, childhood, personal life, education, investments, achievements, and more.

Sanjeev Bikhchandani – Biography

Full Name	Sanjeev Bikhchandani
Born	29 June 1963
Birthplace	Delhi, India
Education	St. Columba’s School, Delhi BA (Hons) Economics, St. Stephen’s College PGDM, IIM Ahmedabad
Height	178 cm (5’10”)
Profession	Founder of Info Edge (India)
Wife	Surabhi Bikhchandani (Businesswoman)
Children	2
Net Worth	INR 18,856 crore
Notable Awards	Padma Shri (2020)
Family Background	Father: Doctor (Government Service) Mother: Homemaker Brother: Professor at UCLA (PhD from Stanford)

Sanjeev Bikhchandani – Early Life and Education
Sanjeev Bikhchandani – Career
Sanjeev Bikhchandani – Personal Life
Sanjeev Bikhchandani – Journey So Far
Sanjeev Bikhchandani – Investments
Sanjeev Bikhchandani – Controversies
Sanjeev Bikhchandani – Awards and Recognitions
Sanjeev Bikhchandani – Unknown Facts

Sanjeev Bikhchandani – Early Life and Education

Sanjeev Bikhchandani’s early life and education are a story of resilience and ambition and a singular vision of the future. He was born into a middle-class family in New Delhi and grew up with the values of hard work and perseverance instilled by his parents, who were professionals in the medical and engineering fields. The family expected Sanjeev to follow in his elder brother’s footsteps to IIT Kanpur and into medicine or engineering. But the biggest problem arose when he was diagnosed with color blindness, and it effectively closed the door on those career options.

However, this setback did not hold Sanjeev back academically. He graduated in Economics from St. Stephen’s College, Delhi University in 1984. This is an academic institution that is very rigorous. It has had many distinguished alumni. At St. Stephen’s, he not only learned important stuff in economics but also got used to thinking analytically.

Sanjeev completed his undergraduate studies and then went to the IIM Ahmedabad for his MBA in 1989. This was a very important period in shaping his entrepreneurial aspirations. As a campus volunteer for IIM Ahmedabad, he saw fierce competition among major companies for top talent. But this experience awakened an entrepreneurial spark for the first time since he had not realized that companies were so keen on recruiting skilled graduates.

Sanjeev Bikhchandani – Career

Sanjeev was a natural innovator, so he opted out of traditional campus placements. Instead, he would go out and approach companies to get interviews and land a marketing job at GlaxoSmithKline (Hindustan Milkfood Manufacturers) on the Horlicks brand. He had been given invaluable industry experience and a view into marketing dynamics that this role had given him. With a big salary and benefits, Sanjeev felt unfulfilled and restless and resigned after 18 months to follow his entrepreneurial dreams.

In 1995, he founded Info Edge, which began with salary surveys and reports that offered clues into compensation trends for MBA and engineering graduates. This was the groundwork for what would become a major player in the Indian job market. But the initial period was difficult; there was financial instability and often he had to supplement his income by giving tuition, in addition to what his wife was earning.

It was in October 1996 that Sanjeev attended an IT Expo in Delhi, which introduced him to the World Wide Web for the first time. He was inspired by a Yahoo demonstration and saw the possibility of putting together an online job portal that would collect job listings, a very novel concept in India at the time. This vision became a reality in April 1997 with the launch of Naukri.com, which has a database of less than 1,000 job advertisements from various magazines.

Naukri.com quickly took off because of its novel pricing policy—charging companies INR 350 for a job listing versus INR 3,500 that traditional newspapers charged. Employers and job seekers alike felt a resonance with this competitive edge, and traffic and listings grew exponentially. Naukri.com became the first dot com company to list on Indian stock exchanges in a decade and has set itself up as one of the top job portals in India.

Sanjeev Bikhchandani – Personal Life

Sanjeev is married to Surabhi Bikhchandani, who is also an IIM Ahmedabad alumni. During the first phase of Sanjeev’s entrepreneurial journey, he was trying to build Naukri.com, and Surabhi was taking care of household expenses with a job at Nestlé. It was critical support as Sanjeev leaped at a safe corporate career to the vagaries of entrepreneurship.

They have worked together to build a successful business and raise a family.

Sanjeev Bikhchandani – Journey So Far

Info Edge was a struggle that took seven years to get off the ground. It included a bunch of small initiatives like training and report writing. It was in 1997, with a simple observation of how his colleagues behaved around job listings, that Naukri.com came to be a breakthrough. Bikhchandani started Info Edge from a servant’s quarter with INR 2,000 capital and grew it into a digital conglomerate worth more than $9 billion with 4,500 employees.

The company added 99acres.com, Jeevansathi.com, and Shiksha.com to its portfolio. He was a businessman who invested in unicorns like Zomato and PolicyBazaar.

Bikhchandani is different because he is frugal and focuses on solving real customer problems. Info Edge’s sustainable growth strategy has been built on his philosophy of valuing customer money over investor money. Below is the timeline of Sanjeev Bikhchandani’s life:

1995: Bikhchandani founded Info Edge in 1995 and the company is headquartered in Noida, Uttar Pradesh, India. Through Info Edge, he established many website businesses like Naukri.com, 99Acres.com, Jeevansathi.com, and Shiksha.com. India’s internet industry celebrated a milestone when Info Edge’s IPO in 2006 was successful. The company went public with the name Naukri. This is because more than 70% of the company’s revenue comes from the job portal Naukri.com. In 2020, the company established a venture capital fund, Info Edge Venture Fund to invest in online startup companies.
1997: Bikhchandani founded an Indian employment website, Naukri.com in 1997. He set up the job portal on a server in the United States. It was a website business that helped its users to search online for job opportunities in India. He later established Quadrangle, which is an offline executive search business. Eventually, Naukri.com became India’s largest web-based employment site in 2005.
2004: Bikhchandani founded an online matrimonial portal, Jeevansathi.com. The company uses a customer-to-customer (C2C) business model. Jeevansathi offline centers were also set up with matchmaking services. The first offline center was launched in Mumbai in 2008. Jeevansathi.com grossed profits for the first time in the first quarter of 2016-2017 and earned INR 65 lakhs before interests and taxes.
2008: Bikhchandani launched the online education site, Shiksha.com in May 2008. It helps its users to select the right college through the comprehensive details of several universities. It provides courses and college selection easy for students willing to pursue undergraduate and post-graduate courses in India as well as abroad. Shiksha.com eventually became the most visited study-abroad website in India with 20 million users every year.
2005: Bikhchandani launched another portal for the real estate database website, 99Acres.com in 2005. It helps users to browse and search for properties through mobile. The company has invested INR 3 crore in Zippserv, a real estate risk assessment company.
2006: Sanjeev founded Naukrigulf.com in 2006 to connect recruiters and job seekers and is headquartered in Dubai. It is the fastest-growing job site in the Gulf. The company has a robust presence across the UAE, Qatar, Saudi Arabia, Oman, Bahrain, and Kuwait.
2020: Sanjeev was awarded the Padma Shri for his contributions.

Sanjeev Bikhchandani – Investments

Info Edge shareholders have reaped rich returns from his early investments in Policybazaar and Zomato. Below is a detailed table showcasing all the investments made by Info Edge to date:

Announced Date	Organization Name
Nov 17, 2019	Burger Singh
Jun 1, 2018	Slurrp Farm
Aug 10, 2015	Wow! Momo
Apr 4, 2023	Stealthed
Feb 22, 2022	Shipsy
Jan 26, 2022	Shopkirana
Nov 23, 2021	greytHR
Nov 25, 2020	Shipsy
Dec 21, 2018	NoPaperForms
Nov 18, 2014	Zomato

Sanjeev Bikhchandani – Controversies

The controversy that erupted recently over SN Subrahmanyan, Chairman of L&T, who praised a 90-hour work week and six-day work schedule. While interacting with employees, he apologized for not being able to make them work on Sundays and said a controversial remark, ‘How long can you stare at your wife?’ This sparked a huge spate of criticism and memes on social media and drew reactions from prominent industrialists Anand Mahindra and Harsh Goenka.

Interestingly, entrepreneur Sanjeev Bikhchandani told a different story based on a recent meeting with Subrahmanyan. In a detailed post on X, Bikhchandani called him humble and inquisitive about entrepreneurship and digital transformation. In their hour-long meeting, Bikhchandani suggested to L&T that it invest some of the substantial amounts of cash reserves (approximately ₹50,000 crores) that it has in India’s startup ecosystem.

This has set off a larger debate about work-life balance in corporate India. Subrahmanyan’s business acumen and leadership of L&T are no doubt respected, but his comments about extended work hours and his lack of care for family time are not.

The tension between the imperative of aggressive corporate growth goals and the growing importance of workplace wellness has been a focus of attention.

Sanjeev Bikhchandani – Awards and Recognitions

In 2008, Bikhchandani was awarded the “Ernst and Young – Entrepreneur of the Year” for Business Transformation.
In the same year, Sanjeev also won the Dataquest Pathbreaker Award & the Teacher’s Achievement Award for Business.
In 2011, he was conferred the Distinguished Alumnus award by IIM Ahmedabad.
In 2012, he received the CF Andrews Distinguished Alumnus award from St. Stephen’s College.
The Lakshmipat Singhania – IIM Lucknow National Leadership Award, Young Leader in the Business Category for the year 2012, is for him.
He was one of India’s fifty greatest CEOs ever, as per Outlook Magazine in April 2017.
The Financial Express gave him a Lifetime Achievement Award in IT in 2019.
Chiratae Ventures honored him with the Pride of India Award 2021 for Lifetime Achievement.
Amity University awarded him an honorary doctorate in December 2021.
He recently received the ET Start Up Awards 2021 in the Midas Touch category in January 2022.
Sanjeev received the Padma Shri Award in 2020.

Sanjeev Bikhchandani – Unknown Facts

Color Blindness: In his teens, Bikhchandani discovered he is partially color blind.
Early Business Location: His first venture began from the servant quarters of his father, and he paid INR 800 a month as rent.
International Server Setup: When India didn’t have servers in 1997, Naukri.com’s first server was set up in the US with the help of his brother at UCLA.
Early Team Building: He paid people money, but instead of paying money, he gave equity stakes to early team members, which included his brother for 5%, 7%, and 9%, to two programmer friends who built Naukri.com.
Early Internet Days: When Naukri.com was launched, there were 14,000 average web users in India. When newspapers started covering Internet-based businesses in India, the website became popular.
Side Job: To make ends meet, he worked as a Consulting Editor for The Pioneer’s career supplement ‘Avenues’ while building his business.
Market Dominance: Alexa.com shows that Naukri.com gets about 75 to 80 percent of the online job search traffic in India.

FAQs

Who is Jeevansathi owner?

Jeevansathi is owned by Info Edge (India) Limited, the same company that owns Naukri.com, 99acres, and Shiksha.

Who is Naukri founder?

Sanjeev Bikhchandani is Naukri.com owner. He founded the company in 1997.

Who is Info Edge owner?

Sanjeev Bikhchandani is the founder and owner of Info Edge (India) Limited. He started the company in 1995.

Who is Naukri.com CEO?

Sanjeev Bikhchandani, an Indian businessman, is the founder and executive vice chairman of Info Edge, the company that owns the job portal Naukri.com.

What is Jeevansathi founder net worth?

Sanjeev Bikhchandani net worth is INR 18,856 crore as of January 2025.

What is Sanjeev Bikhchandani education?

Sanjeev Bikhchandani completed his schooling at St. Columba’s School, Delhi, earned a degree in Economics (Honors) from St. Stephen’s College, Delhi University, and pursued an MBA from the Indian Institute of Management (IIM), Ahmedabad.

January 20, 2025

Info Edge: Pioneering Digital Innovation and Growth in India

Info Edge (India) Limited is a pioneering Indian technology company renowned for its diverse portfolio of online businesses and strategic investments.

Its flagship platform, Naukri.com, is one of India’s largest online job portals, complemented by other innovative platforms like 99acres.com for real estate classifieds, Jeevansathi.com for matrimonial services, and Shiksha.com, an education-focused portal. Info Edge’s operational excellence is amplified by its strategic approach to digital advertising, subscription-based services, and premium offerings tailored to meet the evolving needs of users and businesses alike.

Beyond its core platforms, Info Edge has a robust track record of identifying and nurturing high-growth ventures and the company has made notable investments in transformative startups, demonstrating a sharp eye for innovation and long-term value creation.

In this Startuptalky, we will learn more about Info Edge’s success story, its founders, business model, innovative revenue model, growth, challenges, investments, strategic partnerships, and more.

Info Edge – Company Highlights

Name	Info Edge
Headquarters	Noida, Uttar Pradesh, India
Sector	Recruitment Solutions and Real Estate
Founder	Sanjeev Bikhchandani
Founded	1995
Website	Infoedge.in

Info Edge – About
Info Edge – Industry
Info Edge – Founders and Team
Info Edge – Startup Story
Info Edge – Mission and Vision
Info Edge – Name, Tagline and Logo
Info Edge – Business Model
Info Edge – Revenue Model
Info Edge – Challenges Faced
Info Edge – Funding and Investors
Info Edge – Investments
Info Edge – Acquisitions and Mergers
Info Edge – Growth
Info Edge – Advertisements and Social Media Campaigns
Info Edge – Awards and Achievements
Info Edge – Competitors
Info Edge – Future Plans

Info Edge – About

Info Edge, a trailblazer in India’s consumer internet space, has been shaping the online classifieds market for nearly three decades. Established on May 1, 1995, as Info Edge (India) Private Limited, it transitioned into a public limited entity on April 27, 2006. The journey began with Naukri.com, India’s first online recruitment portal and since then, the company has carved a remarkable path, expanding into diverse sectors like matrimony, real estate, education, and more.

What sets Info Edge apart is its culture of innovation and entrepreneurship, backed by a seasoned leadership team and a sharp focus on leveraging technology. With a footprint spanning 62 offices across 43 Indian cities and a workforce of over 4,000 professionals, the company thrives on creating cutting-edge products and solutions. From integrating mobile-first strategies to harnessing the power of social media, Info Edge remains at the forefront of digital transformation.

The company’s reach isn’t limited to India. Through NaukriGulf.com, Info Edge has ventured into international markets, establishing a presence in key Gulf regions with offices in Dubai, Bahrain, Riyadh, and Abu Dhabi. Whether driving recruitment, enabling property searches, or facilitating lifelong partnerships, Info Edge continues to redefine how online platforms serve users, setting the standard for excellence in the industry.

Info Edge – Industry

India’s real estate sector is a powerhouse, ranking second globally in generating employment and significantly contributing to the nation’s GDP. Currently accounting for around 5% of the GDP, this industry is projected to soar to a staggering $1 trillion by 2030. By 2025, its share in the GDP is expected to rise to an impressive 13%, underscoring its critical role in the country’s economic landscape.

The growth trajectory of Indian real estate has been remarkable, with the sector expanding at an annual rate of approximately 30%. This upward momentum is fueled by the booming outsourcing industry, which encompasses technical consultancy, medical transcription, and call centers. These sectors alone have driven the demand for an additional 10 million square feet of real estate, further propelling the industry’s expansion.

Info Edge – Founders and Team

Sanjeev Bikhchandani

Sanjiv Bikhchandani - Founder and Executive Vice Chairman, Info Edge — Sanjiv Bikhchandani – Founder and Executive Vice Chairman, Info Edge

Sanjiv Bikhchandani is the Founder and Executive Vice Chairman of Info Edge.

Sanjeev’s journey began in Delhi, where he graduated from St. Columba’s School in 1981. He pursued a Bachelor’s degree in Economics from St. Stephen’s College, Delhi, in 1984, followed by an MBA from the Indian Institute of Management (IIM) Ahmedabad in 1989. His entrepreneurial spirit led him to leave a marketing role at Hindustan Milkfood Manufacturers (now GlaxoSmithKline Consumer Healthcare India) in 1990 to embark on his ventures.

Initially venturing into pharmaceutical trademarks and salary surveys, Sanjeev founded Info Edge in 1995. Two years later, he launched Naukri.com, a pioneering jobs portal hosted on an Indian server. The platform quickly gained traction and by 2005, it was India’s largest web-based employment site. Info Edge expanded its portfolio with platforms like 99acres.com (real estate), Jeevansathi.com (matrimony) and Shiksha.com (education).

Beyond his success with Info Edge, Sanjeev is an accomplished investor, backing unicorns like PolicyBazaar and Zomato. He also supports budding innovators as part of the ‘Vision Circle’ of FYI (Foundation for Young Innovators), a unique initiative encouraging high school students to develop social enterprises.

Hitesh Oberoi

Hitesh Oberoi is the Managing Director and CEO of the company.

Hitesh Oberoi, an accomplished leader in the internet industry, serves as the Co-Promoter, Managing Director, and CEO of Info Edge, the company behind iconic platforms like Naukri.com, 99acres.com, and Jeevansathi.com. With nearly two decades of experience in the internet space, Hitesh has been instrumental in shaping India’s digital ecosystem.

Before joining Info Edge, Hitesh spent almost four years at Hindustan Unilever Limited, where he worked as Regional Planning and Distribution Manager for the Ice Cream Division. His strong academic foundation includes a B.Tech from IIT Delhi (1994 batch) and an MBA from IIM Bangalore.

Hitesh’s contributions extend beyond business operations. He is a charter member of TiE (New Delhi) and has previously served as Chairman of the Internet and Mobile Association of India (IAMAI). He is also a founding member of the Board of Trustees at Ashoka University, further reflecting his commitment to fostering education and innovation.

Info Edge – Startup Story

Info Edge was founded by Sanjeev Bikhchandani in 1995, initially by reproducing classified ads from newspapers on its website. Together with Hitesh Oberoi and their CFO, Ambarish Raghuvanshi, Sanjeev built Info Edge into a dotcom enterprise that, by 2008, employed 1,500 people, generated revenues of INR 273 crores and boasted a market capitalization of INR 2,100 crores. Info Edge’s flagship platforms include Naukri.com, Jeevansathi.com, Brijj.com, 99acres.com, and Shiksha.com.

Reflecting on the early days, Sanjeev recounted the challenges, including the difficulty of securing an INR 30,000 bank limit in 1991. At the time, Naukri was a small operation and he realized the need for like-minded individuals and a fundamentally different business model. That’s when Hitesh joined the journey.

Hitesh, then working at Hindustan Unilever, considered an offer to join a new venture started by Pradeep Kar of Microland. However, after consulting with Sanjeev, who suggested he consider joining Naukri instead, Hitesh decided to take the leap. He set up operations from Sanjeev’s home and took charge of marketing. Drawing from his commercial experience, Hitesh hired a few sales representatives who sold annual subscriptions for INR 6,000. By investing INR 20,000 per salesperson, including office costs, they were able to generate INR 50,000 in revenue per hire. Realizing the profitability of this model, the team continued scaling the salesforce, which eventually became a cornerstone of the company’s growth. Today, Naukri.com is responsible for one in three lateral hires in corporate India.

Ambarish Raghuvanshi, who became the third pillar of Info Edge, joined after Sanjeev persuaded him to consider the company’s headhunting division. At the time, Ambarish had taken voluntary retirement from Bank of America and was exploring new opportunities. Sanjeev convinced him to lead the financial services practice within the headhunting division and later invited him to take on the role of CFO—a position Ambarish accepted, bringing fiscal discipline that gained recognition in the stock market.

Sanjeev described his decision to bring Hitesh on board as pivotal, recognizing his energy, ambition, and willingness to leave a stable corporate job to join a startup. These qualities reminded Sanjeev of himself a decade earlier. He emphasized that the team’s hiring philosophy evolved, prioritizing values such as teamwork, competence, humility, and an entrepreneurial spirit while steering clear of self-promoters and those unwilling to share credit.

Under Sanjeev’s leadership, Info Edge launched Naukri.com in 1997 with support from family and friends, followed by Jeevansathi.com in 1998, 99acres.com in 2005, and Shiksha.com in 2008. The company went public in 2006 under the ticker symbol “Naukri” and expanded its reach with ventures like NaukriGulf.com in 2006 and FirstNaukri.com in 2009 for campus recruitment.

Info Edge – Mission and Vision

Vision
Info Edge envisions creating world-class platforms that transform lives, empowering individuals and organizations through innovative and impactful solutions.

Mission
Info Edge strives to continuously delight its customers in both current and new businesses by delivering superior value through enhanced offerings on the internet and other platforms.

Info Edge – Name, Tagline and Logo

Info Edge Logo

The sleek and modern design of Info Edge’s logo mirrors its forward-thinking approach and innovative spirit. Its carefully chosen color palette conveys trust, stability, and dynamism—qualities integral to the company’s identity. Each element of the logo is thoughtfully crafted to resonate with their core values: customer delight, entrepreneurship, knowledge, results, and trust.

Info Edge Tagline: The tagline “Transform Lives” reflects Info Edge’s unwavering commitment to making a meaningful impact. Through platforms like Naukri.com, Jeevansathi.com, and 99acres.com, they connect job seekers with opportunities, help families find compatible matches, and assist in real estate transactions. These endeavors empower users and foster positive transformations in their lives.

Info Edge – Business Model

Info Edge is a leader in the recruitment sector with platforms such as:

Naukri.com: A premier employment website catering to job seekers and recruiters.
Naukrigulf.com: A job portal tailored to the Middle East market.
Quadrangle: An offline executive search service connecting top talent with organizations.
FirstNaukri.com: A dedicated platform for fresher hiring, bridging the gap between employers and new graduates.

The company has extended its expertise into real estate, education, and matrimony through:

99acres.com: A comprehensive real estate classifieds platform for buying, selling, and renting properties.
Shiksha.com: An educational portal aiding students in making informed decisions about courses and institutions.
Jeevansathi.com: An online matrimonial service facilitating meaningful connections.

Info Edge has made strategic investments in numerous successful online ventures, including:

Zomato: A leading food delivery and restaurant discovery platform.
Policybazaar: An innovative insurance aggregation and comparison service.
Shopkirana, Shipsy, Gramophone, and Adda247, among others, expanding their footprint in diverse digital domains.

Info Edge – Revenue Model

Info Edge is an Indian technology powerhouse with a diversified revenue model built on multiple streams that capitalize on its robust online platforms and strategic investments.

Advertising
Info Edge leverages display ads, sponsored listings, and banner advertisements across its websites, such as Naukri.com and 99acres.com, to generate substantial revenue from advertisers seeking to reach its vast user base.
Subscription Fees
These features, offered on platforms like Naukri.com and 99acres.com, include premium search tools, analytics, and targeted user engagement functionalities.
Premium Services
These include profile boosters for job seekers and premium matchmaking services on Jeevansathi.com.
Strategic Investments
Info Edge’s forward-looking investment strategy involves holding minority stakes in successful ventures like Zomato and PolicyBazaar.

Info Edge – Challenges Faced

Writing Off Investments
Info Edge recently wrote off an investment of INR 276 crore in 4B Networks. This decision was driven by concerns over the company’s sustainability, high cash burn rate, and difficulties in raising capital, reflecting the challenges of managing portfolio investments in dynamic markets.
Slowdown in IT Hiring
As the operator of Naukri.com, Info Edge has been affected by reduced hiring activity in the IT sector. This slowdown is attributed to softer demand within the IT industry, impacting one of the company’s core revenue streams.
Evolving Consumer Preferences
Meeting the rapidly changing preferences of users has been a persistent challenge. Info Edge has had to focus on creating products that are device-agnostic and adaptive to modern consumer behavior, which requires continuous innovation and agility.
Quarterly Financial Performance
Info Edge has encountered challenges in its quarterly financial results, including a decline in profit and earnings per share (EPS). This underscores the difficulty of balancing growth with operational efficiency in fluctuating economic conditions.

Info Edge – Funding and Investors

The funding details of Info Edge are as below:

Date	Transaction Name	Money Raised	Lead Investors
December 11, 2020	Post-IPO Equity – Info Edge	$51 million	Temasek Holdings
January 1, 2019	Post-IPO Equity – Info Edge	—	Lightbox

Info Edge – Investments

Info Edge has made investments in the following companies:

Date	Name	Funding Round	Money Raised
November 7, 2024	Nexstem	Seed Round	$3.5 million
August 30, 2024	Clean Electric	Series A	Rs. 48.5 crore
July 27, 2024	Gnani.ai	Series A	Rs. 30 crore
May 16, 2024	Gramophone	Venture Round	Rs. 15 crore
October 1, 2023	RayloT Solutions Inc.	Seed Round	$400K
September 4, 2023	Sploot	Seed Round	$800K
July 10, 2023	BrainSightAI	Venture Round	Rs. 99 lakhs
April 4, 2023	Stealthed	Pre Seed Round	Rs. 5 crore
January 24, 2023	Gramophone	Corporate Round	Rs. 9.31 crore
October 1, 2022	Adda247	Series B	Rs. 280 crore

Info Edge – Acquisitions and Mergers

Info Edge has acquired the following companies:

Acquiree Name	Date	Price
Coding Ninjas	Oct 6,2022	Rs. 140 crore
Aisle	Jan 24, 2022	Rs. 150 crore
DoSelect	July 6,2021	Rs. 21 crore
Zwayam	Jun 14, 2021	Rs. 61 crore
iimjobs.com	May 28,2019	Rs. 91 crore
Ambition Box	Apr 13, 2017	–

Info Edge – Growth

Info Edge Financials	2023	2024
Operating Revenue	INR 2345 crore	INR 2536 crore
Total Expenses	INR 1858 crore	INR 1830 crore
Profit/Loss	INR -70 crore	INR 594 crore

In FY23, Info Edge reported an operating revenue of INR 2,345 crore, which grew by 8.2% to INR 2,536 crore in FY24. Total expenses decreased slightly from INR 1,858 crore in FY23 to INR 1,830 crore in FY24, a 1.5% drop. The company moved from a loss of INR 70 crore in FY23 to a profit of INR 594 crore in FY24, showing significant financial improvement.

Info Edge – Advertisements and Social Media Campaigns

Advertising and Marketing Strategies:

CTV Advertising and Live Sports Marketing: Info Edge used CTV advertising and live sports marketing for its brand 99acres.com, targeting a male audience interested in buying or renting homes.
Co-branded Vignettes: For Naukri.com, Info Edge partnered with CreativeWorks to create a co-branded vignette for the Hotstar Special Ghar Waapsi.

Revenue Streams:

Display Ads, Sponsored Listings, and Banners: Info Edge generates revenue from advertising on its platforms, including display ads, sponsored listings, and banners across websites like Naukri.com and 99acres.com.
Subscription Fees: Info Edge collects subscription fees from employers and real estate agents who pay for advanced features and tools on Naukri.com and 99acres.com.
Premium Services: Info Edge offers premium services such as Naukri FastForward and Jeevansathi eAdvantage, which are available for a fee.

Info Edge – Awards and Achievements

Info Edge has been awarded with the following awards:

World’s Best Workplaces 2024
ICAI Excellence Award 2015

Info Edge – Competitors

Some competitors of Info Edge (India) Ltd include:

Just Dial Ltd
Matrimony.com Ltd
IntraSoft Technologies Limited
Jupiter Infomedia Limited
PB Fintech Ltd
Affle (India) Ltd
Tanla Platforms Ltd

Info Edge – Future Plans

Info Edge (India) is projected to experience robust growth, with earnings expected to grow by 37.6% per annum and revenue increasing by 13.7%-13.8% annually. Additionally, Earnings Per Share (EPS) is forecast to rise by 31.8% per year, with a projected Return on Equity (ROE) of 4.7% over the next three years. This optimistic outlook aligns with the company’s strategic investments and diversified portfolio, including Naukri.com, 99acres, and stakes in Zomato and PolicyBazaar.

Sanjeev Bikhchandani, founder of Info Edge, emphasized that profitability in real estate and a resurgence in IT hiring would be pivotal drivers for this growth trajectory in the next 3-4 years.

Long-Term Investment Strategy

The flagship platforms, Naukri.com and Jeevansathi, are expected to continue expanding, driven by signs of recovery in the IT sector. The job market is showing green shoots of growth, signaling a potential rebound from the slowdown. Info Edge’s strategy of early investments in promising ventures, increasing stakes in successful businesses, and maintaining a patient, long-term approach has been a cornerstone of its success.

FAQs

What is Info Edge?

Info Edge is an India-based company that provides internet-based services through its mobile applications and web portals. Its services include recruitment, real estate, matrimonial, and education.

When was Info Edge founded?

Info Edge was founded by Sanjiv Bikhchandani in 1995.

Who are the competitors of Info Edge?

The main competitors of Info Edge include:

Just Dial Ltd
Matrimony.com Ltd
IntraSoft Technologies Limited
Jupiter Infomedia Limited
PB Fintech Ltd
Affle (India) Ltd
Tanla Platforms Ltd

December 18, 2024

NestAway Success Story – Home Rental Has Now Become Easier!

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by NestAway.

The home rental has been a pretty rigid segment, particularly in India. Homeowners have qualms about hiring tenants and it’s not a smooth sail for the latter either. Unrealistic advance deposit demands, lack of proper amenities and facilities, and turbulent rental agreement fiasco are just some of the problems that hamper the entire process.

NestAway, a Bengaluru-based startup has identified this crisis and is now setting things right. This is a detailed article about NestAway, how the startup came into being, and how it is operating to simplify the process of finding rented accommodation.

NestAway – Company Highlights

Startup Name	NestAway
Headquarters	Bengaluru
Founders	Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev
Sector	Real Estate , Home Improvement
Founded	2015
Total Funding	$109.1 mn (2021)
Valuation	$330 mn (2019)
Parent Organisation	NestAway Technologies Pvt. Ltd.

NestAway – Latest News
About NestAway and How it works
NestAway – Founders and Team
NestAway – Startup Story | How It Began
NestAway – Mission and Vision
NestAway – Name, Tagline and Logo
NestAway – Services
NestAway – Business Model
NestAway – Revenue Model
NestAway – Funding And Investors
NestAway – Revenue/Annual Turnover
NestAway – Growth / Valuation
NestAway – Partners
NestAway – Acquisitions And Mergers
NestAway – Challenges
NestAway – Competitors
NestAway – Awards and Achievements
NestAway – Future Plans
NestAway – FAQs

Nestaway – Latest News

January 19, 2021 – NestAway sold off the society and apartment management platform, ApnaComplex to Anarock Group within a year of its acquisition.

About NestAway

NestAway is a concept. It’s a solution. It’s fixing something that’s grossly wrong. Actually, it’s a concoction of the three. It is a new concept for homeowners, a solution for tenants, and it’s fixing the youth housing crisis in cities.

Founded in 2015, NestAway Technologies Pvt. Ltd. is headquartered in Karnataka. It is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

The app helps the users find, book, and move into a rental home of their choice across various Indian cities. One can move in, ask for services from tap leakage to broken door locks, pay rent, and finally move out. The Nestaway app is available for Android and iOS.

NestAway has also forayed into the co-living segment. In 2019, it officially announced the launch of its independent subsidiary, Hello World. Hello World, focuses on co-living and student housing and is present in 15 Indian cities. Hello World claims to have 10,000 beds and 90% occupancy rate. It will be led by NestAway co-founder Jitendra Jagadev.

NestAway – Founders and Team

NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015. It was an aggregator of shared and furnished apartments for bachelors in the beginning before adding full homes for families in its catalog.

Amarendra Sahu

Amarendra Sahu is the CEO of NestAway. He is a Computer Science engineer from NIT Surathkal and has an MBA from IIM-B. Amarendra has past experience of working at Alcatel-Lucent, Juniper Networks, and Cisco as a Software Engineer and Senior Software Engineer after which he co-founded BrizzTV Media Labs Pvt Ltd. Sahu is now a Co-founder of BrizzTV along with serving as a Co-founder and CEO of NestAway.

Jitendra Jagadev

Jitendra Jagadev is currently known as the Co-founder and Board Member of NestAway and has earlier served as the COO of the startup. He graduated from NIT Karnataka and has previously worked with companies like Philips, Cisco, and Ojas Venture Partners, before joining the founding team of NestAway. Jagadev is also the CEO of Helloworld Technologies India Pvt. Ltd.

Smruti Parida

Smruti Parida was the Co-founder of NestAway, and had also served as the CTO of the startup. Smruti is an IT graduate from NIT Karnataka. He was with Microsoft and United Online and worked as the Software Design Engineer and Program Manager 2 and Senior Software Engineer respectively before devoting himself to the company. Smruti quit NestAway on October 23, 2019. Smruti had also co-founded Zero Heights Technologies Pvt Ltd. previously and is currently working as a Founder at AutoSave.

Deepak Dhar

Deepak Dhar is an IT graduate from NIT Karnataka. Being a co-founder, Deepak was responsible for the product and user experience divisions at NestAway before leaving the startup in June 2019. Before joining NestAway, he worked with companies like Aceva Technologies, Fidelity Investments, and Royal Bank of Scotland. He also led Citruspay (acquired by PayU) as a Founding Member and Operations Head. Deepak Dhar quit Nestaway in June 2019 to startup a fintech venture but he will continue to be a director in the company. He co-founded Repute in October 2019.

NestAway owners Amrendra, Smruti, Deepak, and Jitendra are all serial entrepreneurs. Amrendra and Jitendra co-founded Brizztv, Deepak was a part of the founding team of Citrus Payment Solutions, and Smruti founded ‘Sen6’—an art marketplace. NestAway has anywhere between 200-500 employees, according to the latest records.

NestAway – Startup Story | How It Began

When Amarendra Sahu came to Bangalore in 2004, he had trouble finding a house to rent. Unmarried individuals are never the first choice of the house owners. Besides, renting in decent localities is not always reasonable.

Amarendra wanted to solve this problem and went about setting up NestAway with the help of friends. In June 2014, his friend Jitendra Jagadev’s house in Whitefield became the site of an experiment.

Amarendra recollects, “We took furnishing from Furlenco, took some pictures of the house, and posted it on Facebook. There were four beds in the 2 BHK – all sold in a day. Out of the seven girls who came to visit, six wanted it and four got it.”

This was the story behind NestAway’s inception which has established itself in a surprisingly short amount of time.

NestAway – Mission and Vision

Nestaway’s core vision is “to provide young people value-for-money spaces with convenient solutions and amenities.” The steering vision was to make living easy and hassle-free.

Nestaway is fueled with a mission to provide homes for everyone, without discrimination. The mission of the company was not just to find homes, but to help the youth set up in a new city without any hassles.

NestAway – Name, Tagline and Logo

With the onset of the new year 2022, NestAway has come up with a new tagline that goes “New Year, New Home.”

NestAway new Logo

NestAway – Services

NestAway is India’s fastest growing “Home Rental Network” which provides better rental solutions via design and technology. The units are ready-to-walk in homes and with different schemes based on the tenant’s requirement—a bed, a room, or a complete house. From 1 BHK flats to 8 BHK luxury villas with state-of-the-art facilities, the company caters to all kinds of customer needs. Homes come with cot, mattress, sofa, TV, fridge, washing machine, and a furnished kitchen. Besides, fully furnished apartments, semi-furnished and unfurnished apartments are also listed on NestAway.

Some major USPs of NestAway are:

Guided house visits: Tenants are given a guided tour of the house they are interested in.
Rent on time: Ensures timely rent every month.
Zero paperwork: The company does all the paperwork such as agreement creation.
House safety: The company ensures that the house stays in good condition.
House maintenance: It provides on-demand and periodic house repairs. By subscribing to NestAway Assure, house owners can avail the facility of 100% free maintenance, cleaning, and repairing services.
Marketing and promotion: It promotes the properties registered with it through ads and other rental platforms.
Easy move-in and move-out policy: NestAway allows easy move-in and move-out facilities to tenants. Tenants can simply visit the website or use the app and schedule move-in or move-out dates according to their convenience. The move-out policy allows tenants to leave before the license end date. They can shift to the new house by notifying just two days before the planned move-in date.
Zero Deposit: NestAway has tied up with agencies to provide zero deposit offers, whereby tenants can move in by paying the booking amount without any advance deposit.
Pet-friendly: It allows animal lovers to find pet-friendly homes.
Open guest-hosting policy: It allows tenants to host guests responsibly without causing inconvenience to fellow tenants.

The lock-in period is of 6 months. Unless mentioned otherwise in the agreement, the minimum stay is 6 months. However, this may vary in different cities. NestAway does not impose any move-out charges. However, if a person moves out before completion of the lock-in period, he has to pay one month’s rent as move-out charges.

The rent is determined considering the given factors:

Area and location of the house.
Tenancy type, i.e whether a full house, a room, or a bed is taken for rent.
Condition of the house.
Size of the house.

The best part for the homeowners is that the company ensures that the rent is paid before the 5th of every month.

NestAway – Business Model

NestAway has a sound business model. It is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.

The company serves as a broker and property manager for homeowners by helping find tenants, collect rent, and manage the property over its lifetime in exchange for a percentage share of the rental stream.

Amarendra explains the business model, “You can rent just a room, or the whole house. Our area manager will arrange the visit according to your preference. Once you are satisfied with the house, you can book it online. If you stay in the house for three days and don’t like it for any reason, we refund with full deposit. NestAway’s popularity grew mainly through word-of-mouth, with digital marketing spend in the early days being less than 10 percent of total expenses.”

NestAway – Revenue Model

NestAway runs on a very simple revenue model. It manages a homeowner’s rental property throughout the rental life cycle, from showing the house to a prospective tenant and closing the rental agreement, to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.

For all these services, the company charges the owners a fixed percentage of 12.5% of the total rent generated from the home as its commission. NestAway does not charge any brokerage or charges from the tenants apart from rent

NestAway – Funding & Investors

NestAway Technologies has raised over $109.1 Million in funding from 9 rounds of funding it saw to date. In the latest round, it raised a funding of $4.70 Million from Goldman Sachs on September 17, 2019.

Date	Stage	Funding Amount	Investors
September 17, 2019	Series D	$4.70 Million	Goldman Sachs
May 13, 2019	Series D	$10 Million	Tiger Global Management & Chiratae Ventures
October 17, 2018	Venture	Undisclosed	InnoVen Capital
August 7, 2018	Venture	Undisclosed	Epiq Capital
March 1, 2018	Series D	$51 Million	Goldman Sachs
April 15, 2016	Series C	$30 Million	Tiger Global Management
February 28, 2016	Venture	Undisclosed	Ratan Tata
July 21, 2015	Series B	$12 Million	Flipkart, Tiger Global Management
March 16, 2015	Seed	$1.2 Million	Undisclosed

Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are some of the Investors in NestAway. Also, NestAway is in talks with multiple investors including Fosun International and Shunwei capital for $100 Million that it might be seeing ahead.

NestAway – Revenue/Annual Turnover

According to Wikipedia, NestAway registered lower growth in revenue in 2017-2018 as compared to 2016-2017. Its revenue increased by 533% in 2016-2017 whereas, in 2017-2018, it increased by only 28.7%. As per ROC filing, its revenue from operation in FY 2018 is Rs 46.98 crores. Again, the losses increased from Rs 134.24 crore in 2016-2017 to Rs 203.79 crore in 2017-2018.

The company claimed to earn $2 million worth of revenue each month, as of 2019’s reports.

NestAway – Growth/Valuation

NestAway is currently present in over 16 Indian major cities, as of September 2020. It is managing over 60,000 homes across the country. Over 10,600 house owners and 72,400 tenants are registered with it. About 40% of the new bookings now come from the family segment with the ratio being at 65:35 for shared versus family rental houses.

In Bengaluru, where typically rental advances are of 10 months, the company offers homes on two-month deposits. The company claims to earn a monthly revenue of around $2 Million. NestAway gets a commission of 12.5% in each rental agreement.

After a Series D funding of $51 million raised in March 2018, NestAway’s valuation was at about $200 million. It raised two more rounds of funding after that. However, the exact net worth or valuation has not been confirmed by the company.

In 2019, NestAway ventured into the co-living and student housing segment by launching a new brand, ‘Hello World‘. ‘Hello World’ which began in May 2019, currently has a capacity of around 10,000 beds and is operational in 16 cities, including Bengaluru, Hyderabad, Delhi-NCR, Pune, Kota, and Dehradun. The startup boasts 90% occupancy rates. Hello World charges zero brokerage and one-month rent for a security deposit. NestAway has plans to introduce ‘Hello World’ in nine more cities, thus increasing the number of beds to over 50,000.

In the wake of COVID-19, Bengaluru-based home rental startup NestAway has taken a host of measures to support its users and property owners. To start with, the company has reduced the onboarding charges by 50% for anyone who had planned to move into Nestaway’s properties before the lockdown was put in place.

Also, Nestaway is allowing all the frontline workers to stay at its properties with 100% off on onboarding charges. For property-owners, which are tied-up for more than two years, the startup has set up an INR 50 Lakh fund to support them in these hard times.

For migrants struck in Kota, Nestaway has provided free stay and food under the ‘Hello World’ initiative. More than 30 migrants and 30 healthcare staff have lived at Hello World’s properties since the COVID-19 outbreak. One building in Kota has been dedicated to healthcare staff with food and basic facilities. Furthermore, NestAway has also extended canteen services for doctors and guards and hostel managers.

NestAway – Partners

NestAway uses Localitics, a real estate statistical data science platform that not only predicts where rental demand is going to grow, but also where new houses are going to spring up. Today, Localitics is used for evaluating all the cities in India where the company is present and churns out data to help them target the next set of cities.

NestAway – Acquisitions And Mergers

NestAway has acquired 3 organizations. Their most recent acquisition was StayAbode on Mar 2, 2020. However, it has later sold ApnaComplex, which makes the proptech startup the owner of the 2 other companies, Zanify and StayAbode.

It acquired a smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount in May 2017. This move will help them expand their offerings for families.

In February 2020, the company acquired the apartment management platform ApnaComplex. ApnaComplex is a 10-year-old startup and the platform offers tools to manage various aspects of the residential complexes like organizing public events, raising complaints, society billing/accounting, and much more. The company will now provide home services like cleaning, painting, pest control services, etc. to the registered users of ApnaComplex. However, within a year of its acquisition, the proptech startup decided to let ApnaComplex be acquired by Anarock on January 19, 2021.

Acquiree Name	Acquired Date	Price
StayAbode	March 2, 2020	–
ApnaComplex	February 13, 2020	–
Zanify	May 7, 2017	–

NestAway – Challenges

One of the major challenges for the company was finding the right investors because it was the first business in this arena and some skepticism. Now, it is one of the highest funded Indian startups.

In the initial stage, earning the house owner’s trust and convincing them to register was difficult. To solve this issue, it started offering a ‘rental default guarantee’ that guaranteed NestAway paying the house owner rent in case the tenant did not pay on time.

Some house owners don’t consent to give their house for rent with two months’ rent as deposit money and expect more. However, this scenario has been bettered with the arrival of NestAway where the users need to pay two months’ rent as the tenant and the company pays the difference.

NestAway – Competitors

There are many companies and websites like this that list properties for rent. The Major competitors of NestAway are:

FlatMate
SimplyGuest
NoBroker
Zolo
StayAbode.

What sets NestAway apart from its rivals is that it provides end-to-end solutions to tenants and house owners by taking care of everything—creating the rent agreement, rent collection, house maintenance, etc. In short, it mediates throughout the rental life cycle.

NestAway – Awards and Achievements

NestAway has been conferred upon a list of awards and recognitions throughout the years. One of the proudest moments for NestAway was when the founders of the company achieved the Comeback Kid Award on August 18, 2017.

NestAway – Future Plans

NestAway is planning to introduce ‘Smart Homes’ by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that ensures security for people staying in their homes, especially for women. This service will be available on their app for both Android and iOS devices. The company is planning to venture into the women’s housing and senior housing sector by 2020.

Another area of focus for NestAway will be student housing. With 10.4 million migrant students and only 6.1 million beds as the current official supply, there is an increase in demand for student housing which continues to increase day by day. Cashing in on this opportunity, it is strongly focusing on student housing and aims to start operations in Kota (Rajasthan) followed by Delhi (North Campus), and Bangalore. NestAway is also looking to expand PAN India and conversations are going on with progressive builders for exclusive properties earmarked for students.

The brand continues to concentrate on the concept of co-living, wherein it takes up the entire building including the shared facilities such as gym, libraries, common areas, game room, and others. Through this concept, NestAway Technologies is trying to create a community for members with common interests to engage in yoga/salsa classes, have talk sessions from seasoned entrepreneurs/sportspersons, entrepreneurial knowledge sharing meets, and collaborate on other exciting avenues.

NestAway – FAQs

Who are the Founders/Owner of NestAway?

NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015.

What is NestAway?

NestAway is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

Who is the CEO of NestAway?

Nestaway CEO and Co-founder is Amarendra Sahu.

Who are the Top Investors of NestAway?

Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are the Investors in NestAway.

How much Funding did NestAway raise till date?

NestAway Technologies has raised over $109.1 Million in funding from 9 rounds. In the latest round, it raised funding of $4.7 Million from Goldman Sachs in September 2019.

January 18, 2022

99acres Vs. MagicBricks- Who Wins?
If we have to point out some of the worst fights online, the fight between 99acres Vs. MagicBricks will be one of them. The two have been in real estate for years, but their fight has made more headlines than their achievements in the real estate business. The 99acres Vs. MagicBricks conflict surely has a deep impact on the customers. Even I was confused if I want to do something with my property or look for one which one should I choose? 99acres or MagicBricks? Both claim they are the best. But why? Through this article, we have listed out the points from both sides in the 99acres Vs. MagicBricks conflict for you to choose the winner in the end-

Performance of 99acres

Home purchasing feeling improved as open area banks and private players sliced home credit loan costs to a 15-year low. Below the list shows how 99acres have performed this year.

Pre-COVID Times
- 2020 took the inquiries up by 80% of the pre-COVID times.
- Engineers detailed a 50 percent recuperation in the number of exchanges.
- The resale portion stayed under tension with bargains shutting at a 2-5 percent limited rate overall.
- With an expansion of more than 31,000 units in metro urban communities, new dispatches went up by 4.5 times.
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Post-COVID Times
- Post the COVID-19 episode, 99acres saw a drop with around 33,000 units in Jul-Sep 2020
- 2.5 occasions of the deals detailed in Apr-Jun 2020, for example, 9,700 units. Mumbai and Delhi drove other metro urban communities regarding the deal volume and comprised around 29 percent and 22 percent of the absolute exchanges, separately.
- The provided property cost estimates stayed unaltered across urban communities. Notwithstanding, with offers, limits, and dealings on the table, exchanges shut at an adjusted cost of around 2-5 percent on a normal.
- The most noticeably terrible influenced were Chennai and Delhi NCR, which endured the worst part of a high divergence popular and flexibility.
- Bangalore and Hyderabad were the main business sectors that supported costs amid the pandemic and the resultant financial plunge because of the strength of end-clients and a positive interest flexibly condition.
99acres
- New dispatches went up by 4.5 occasions with the expansion of around 31,000 units this quarter, as against 5,500 units in the past quarter.
- The unsold stock plunged by a small one percent, YoY, and remained at 4.4 lakh units toward the finish of September 2020.
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With the business sectors opening up around mid-June, a couple of engineers dispatched new undertakings, while the greater part centered around finishing and selling their continuous tasks. Homebuyers, be that as it may, stayed mindful of under-development tasks to limit the danger in their ventures. Prepared or close prepared units collected most extreme footing.

Performance of MagicBricks

With the Covid-19 pandemic having on a very basic level modified everyday connections for most, India’s land area has needed to zero in on highlights, for example, video walkthroughs and online rental installments, and even cashbacks and prizes to squeeze out development. Since the Covid-19 effect on the area has been grave, land tech new businesses would likewise have to have strong establishments to defeat the emergency.

magicbricks

One such organization is Times Internet-claimed land posting commercial center MagicBricks. As the organization plans for the post-COVID-world, it could cheer up from its to some degree improved monetary execution in the financial year finishing March 31, 2020, or FY20. Below the list shows how MagicBricks have performed this year.
- As indicated by MagicBricks’ financials, and verified by Inc42, the organization recorded an income of INR 246.28 Cr in FY20, a 16% expansion from its income of INR 213.24 Cr in FY19.
- The organization’s costs became 9%, from INR 221.13 Cr to INR 241.81 Cr.
- While a year ago, the organization recorded a deficiency of INR 7.89 Cr. this year, it has figured out how to turn a thin benefit of INR 4.47 Cr.
- Furthermore, with the conceded charge recorded down as a resource and added to the EBITDA, the organization has announced a general benefit of INR 49.63 Cr.
- The expense of materials devoured, worker benefits cost, account expenses and devaluation, exhaustion and amortization cost saw an expansion.
- Costs regarding upkeep, power, travel and other various costs, declined by 9%, from INR 117.92 Cr to INR 107.49 Cr.
Land tech organizations are focusing on highlights to fill the dispersion hole, especially for home viewings and documentation. The filings express that MagicBricks is hoping to add more highlights in its differentiated portfolio and that during FY20, the organization put resources into “land supplies of huge designers across India for capital appreciation.”

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It is important that before this month, the Times Internet-possessed organization augmented its bundle of administrations to incorporate a scope of rental arrangements, for example, tenant contracts, inhabitant confirmation, and pay lease, as it broadens its property administrations commercial center.

Administrations for occupant confirmation and tenant contract can be profited at costs beginning INR 499. Inhabitants can likewise utilize MagicBricks’ Pay Rent stage to move leases up to INR 45,000 to their landowners by utilizing Mastercard and procure reward focuses, the organization said in a delivery.

A Brief Overview of Traffic in 99acres Vs. MagicBricks
- Monthly visitors: MagicBricks wins
- Average Daily visitors: MagicBricks wins
- Clicks per visitor: MagicBricks wins
- Total Minutes spent on the site by the visitors: 99Acres wins
- Unique visitors: 99acres wins
Now several other aspects can be kept in mind like site accessibility, a total number of customers handled, successful and failed projects, etc. to conclude. In a nutshell, we keep it on the readers which one they prefer in their real estate related matters. As of this current month-
- MagicBricks successfully has more than 1 Mln dynamic property postings, of which, 58% are available to be purchased and 42% for lease
- 2.1 lakh selective postings posted uniquely on its foundation by singular landowners from across 700 towns and urban communities.
In this case, MagicBricks wins, but as we already said, it’s up to an individual which one he/she prefers as in the conflict of 99acres Vs. MagicBricks, both have a lot to offer.
December 21, 2020
Top 10 Real Estate Websites: Finding Home Is Easy

According to a survey done by top 10 real estate websites in 2017, 51% of the total home buyers found their home on the internet. In fact, people do depend and trust on real estate websites to make a purchase. So, here are the top 10 real estate websites that you can refer to before buying a property.

You can use these top 10 real estate websites if you are searching for a new real estate website provide. These sites will provide with resources to help potential buyers as well as sellers. Let’s get to know about these websites.

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99Acres

99Acres

In India, 99Acres is one of the top real estate websites that provides for real estate agents, brokers and customers. It helps the user to find a property in more than 50 cities. With a user-friendly website and a mobile application, this website has won GSF Mobile Appies Award Winner 2015 under the real estate category. It also has become the 2nd largest property portal with an Alexa ranking of 140 in India.

MagicBricks

MagicBricks is not only one of the top 10 real estate websites but also deemed the most preferred property website in India. This has been reported by an independent survey. At present, this website has over 7000 properties for sale. A venture of Times Of India, this website is managed by Bennett, Coleman & Co. Ltd.

MagicBricks

It also features a number of new projects according to the user’s choice. Not only that, but the user can also get information about home loans, legal, taxation, home insurance, and government policies related to private properties.

Housing.com

Housing.com

One of the most verified property listing websites, it currently has over 1 lakh sellers on its website. Founded in 2012 and known to have a commanding presence in Mumbai, Maharashtra. As it supports both Android as well as iOS users, it is capable of catering a vast audience all over the country. It has presented over 40 cities in India with an Alexa ranking of 318.

Sulekha Properties

Sulekha Properties

With an Alexa rank 99, Sulekha Properties comes under the top 10 real estate websites to refer. Its features include regularly upgrading of their database. It also uses a few strategies to ensure smooth communication between brokers and home buyers. Learn about price trends as well as a few best investments projects in your chosen location.

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NestAway

NestAway

NestAway claims themselves to be ‘India’s fastest-growing managed home network.’ It was founded in January 2015 by four Bengaluru based entrepreneurs Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida. They ensure the user a very easy and user-friendly way to find a living environment for everyone seeking for a house.

Quikr Homes

Quikr Homes

One of the top 10 real estate websites that have been a game-changer in the aspect of the realty business. The website offers its user to independently connect with buyers and sellers online. The versatile interface has made Quikr grow really fast. Besides real estate, Quikr also offers service in various other fields as well. An all-rounder, ready to serve with just a click.

CommonFloor

If you are looking to buy or rent a property in top tier cities, then CommonFloor is your option. It has a connection in cities like Bangalore, Mumbai, Pune and New Delhi.

CommonFloor

This one is relatively a new website founded by IITians it has an exclusive feature added. It allows the user to get an experience of the live visit to the properties. This feature is known as CommonFloor Retina, which is blended with a unique virtual reality technology. Selecting a property is much easier which makes it one of the top 10 real estate websites.

IndiaProperty

Another website in the list, IndiaProperty is also known for its unique way to serve the user. It ensures end to end assistance before buying the property. But this is not the end. They provide assistance even after you are done with your buying process.

IndiaProperty

IndiaProperty also enables its user to experience a built-in technology for 3D floor plans and virtual tours. These ensure that the buyers get a personalized feel while visiting their selected properties online.

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OyoLife

Started as hotel website, Oyo is really growing its branches and has added its name among the top 10 real estate websites very quickly. It has offered a much versatile service and has updated accommodation for the users.

OyoLife

Currently, OyoLife has a presence around 11 cities in India. It provides the buyers with basic amenities like housekeeping, internet, kitchen, etc that are available in every house they provide.

PropTiger

PropTiger

One of the best home buying websites that allow its user to have the best experience to its clients. It also helps in assisting them with matchless guidance throughout the journey. Their basic services include discovering, buying, renting, selling and financing a home. They operate throughout the country. Although people finding a resident in places like Mumbai, Bangalore or Pune will get a better experience.

These top 10 real estate websites will help you reach up to the best and suitable property you are looking for. It is important to get acquainted with the features that are available in each site. Although all these websites are highly user-friendly, you will still get better options if you know how to browse into the corners to get the best results.

October 24, 2020