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Real estate unit will turn profitable in six months: Quikr's CEO Chulet

Chulet added that the contribution of Quikr Realty to the company's overall revenue will depend on how much the company decides to invest in it

Tiger Global-backed Quikr's FY17 revenue grows 55% to Rs 638 million

Tiger Global-backed online classifieds portal Quikr is looking at a time frame of three to six months for its real estate business, its largest vertical in terms of revenue contribution, to become profitable.  The move could help it catch global rival Olx, which has already turned profitable in India. Quikr’s real estate listing business, including subsidiary Commonfloor, currently contributes to around 30 per cent of the company’s overall revenues.  “Earlier I was conservative when I had said we will become profitable in real estate in 12 ...