Quikr, which is an online classification advertising platform has reported a 52% jump in net revenues at Rs 199.98 crores, for the financial year ended in March 2018, according to documents filed with the Registrar of Companies. Quikr has earlier reported net consolidated revenue of Rs 130.81 crore in the last financial year.

The company also saw a 95% incline in the operational revenues at Rs 173.5 crores in the FY18 from Rs 88.67 crores in FY17.

Quikr, which is run by Quikr India Pvt. Ltd registered their total expenses at Rs. 434 crores and managed to shrunk losses by 28% to Rs. 231.2 crores against Rs. 323 crores the previous year.

According to chief executive officer Pranay Chulet, real estate was among the highest revenue generating segment with a year-on-year growth rate of 105%. The other sectors such as; used cars and bikes reported 115%, QuikrEasy posted 80%, goods and Quikrjobs (individually) posted 90% of y.o.y growth rate.

Quikr, has also been on an acquisition spree since 2015 and has acquired 13 companies till date across various categories. Quikr also aims to double its revenue in FY 18-19 targeting Rs 350 crores, with an annualised rate of return of Rs 500 crores.

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