They don't earn enough revenues. They just sho off in TV advertisment. Quikr recorded following losses for the past few years.
Year Revenues Profit/Loss
2010-11 6 crores (10 crores)
2011-12 9 crores (22 crores)
2012-13 recorded losses in region of 40 crores with a turnover of 15 crores. Revenues come by way of adsense. OLX is also making greater losses, since it has removed premium ads. They raised 140 crores in 2012-13.
Posted 1 year, 11 months ago by Sudeep Kumar
Thanks Sudeep for such useful information.
Posted 1 year, 11 months ago by CA AJAY MAURYA
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