With the Reliance Just Dial deal being announced, here's a lookback at how VSS Mani launched Just Dial in 1996 with a seed capital of Rs 50,000. With just six employees and a few rented computers in a pokey garage, the 29-year-old entrepreneur was determined to revolutionise information search media.
Reliance Just Dial Deal: As per the agreement finalised with RRVL, Just Dial Founder VSS Mani would continue to lead the company as its managing director and chief executive officer.
The Just Dial management is quite confident of growth bouncing back after the launch of their software product ‘JD Omni‘ and revamped app ‘Just Dial - Life Made Easy‘.
The Founder and CEO of Just Dial, VSS Mani guides three early stage entrepreneurs Mayur Aggarwal, Gopal Bharuka and Kartikay Sharma. He will deep dive into their business plans and share his lessons on starting up and scaling up.
Sandip Malhotra, CEO, Homeshop 18, says 8-10 years on, internet could be faster growing than television but mobile too could surprise. VSS Mani, Founder & CEO, Just Dial says internet penetration particularly through mobile phones will be of a huge advantage.
Speaking to CNBC-TV18, a very pleased VSS Mani, founder and chief executive officer of Justdial says he sees a "fantastic opportunity" to grow as internet connectivity, especially on the mobile front, goes on improving.
VSS Mani of Just Dial expects a large chunk of traffic coming through mobile internet. Also, the company will adopt a scheme "safety net'' for retail investors proposed by the capital market regulator Sebi in 2012 for its initial public offer (IPO).
Local search engine JustDial said that it will hit the capital markets on May 20 to raise up to Rs 950 crore through an initial public offer.
CNBC-TV18‘s Kritika Saxena reports that Justdial's IPO valued at a whopping of around Rs 950 crore is set to hit the market on May 20
There are a few essentials to be kept in mind before embarking on an entrepreneurial journey