Justdial, the undisputed local search leader is being disrupted and unbundled by several startups and global players.
Over the last 6 months, Justdial stock has fallen by 34% and a lot depends on its Search+ service which will be announced this month.
The disruption is happening at an extent that Justdial current investors are offloading their shares and are instead investing in startups who are unbundling Justdial.
Recently, Tiger sold 2.1% stake in Justdial for $25mn (~18X return). Last year, SAIF and Sequoia Capital part-exited Justdial.
Startups That Are Unbundling Justdial
Currently, there are more than 68+ startups* (including global players) who are disrupting Justdial – across different categories ranging from home delivery services to hotels/restaurant/utility/real estate to chemists/medical services.
What’s interesting is how Justdial’s existing investors – Sequoia, SAIF and Tiger are leading the “unbundling round”– having tasted the (local + search) blood !
Click on the image for a better view.
* : If you are a startup disrupting Justdial and we have missed your name – share the details here. We will try to accommodate most of you.
[Data compiled by Sandeep Reddy, Ashish Sinha and Swathi.]