Spire News
No Result
View All Result
  • Login
  • World News
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Shetland Season 7

    Shetland Season 7 – Plot, Recap, Cast, Release Date, And Other Exciting News That You Need To Know!

    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    Oscars 2022 – 94Th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith Did What?

    Oscars 2022 – 94th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith DID WHAT?

    Magic High School Season 3

    The Irregular at Magic High School Season 3 – Plot, Release Date, Recap – Exciting News That You Need To Know!

    No Smoking Day 2022

    No Smoking Day 2022: Could You Be The Next Person To Quit Smoking?

    2022 Academy Country Music Awards

    2022 Academy Country Music Awards – Complete Winners List and Everything We Know!

    Monster Anime: Where Can You Watch?

    Monster Anime by Naoki Urasawa: Where can you watch?

  • Entertainment
    • All
    • Movies
    • Netflix
    • Wiki
    Psychic Princess Season 2

    Psychic Princess Season 2 – Plot, Recap, Release Date And More Exciting News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap And More Thrilling News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap, And More Thrilling News You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    The Chosen Season 3

    The Chosen Season 3 – Plot, Recap, Release And More Thrilling News!

    Nisekoi Season 3 - Expected Plot, Release Date, Recap And More Thrilling News!

    Nisekoi Season 3 – Expected Plot, Release Date, Recap And More Thrilling News!

    Sk8 The Infinity Season 2

    SK8 The Infinity Season 2 – Release date, Expected plot, Recap – All The Latest Thrilling News That You Need To Know!

    Electric Picnic 2022

    Electric Picnic 2022 – Dates, Lineup, Tickets – Latest Announcements And Everything We Know!

    The Punisher Season 3

    The Punisher Season 3 – Plot, Recap, Release Date, Cast And Everything You Need To Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

  • Business & Finance
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Differences Between Pre-Qualified And Pre-Approved Mortgages

    Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

    Facebook Has Shifted Focus To Short-Form Video After The Stock Market Loss

    Facebook has shifted focus to short-form video after the stock market loss

    Nykaa Ipo: Beauty Startup Founder Falguni Nayar Has Joined The Ranks Of The World'S Richest.

    Nykaa IPO: Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    Index Funds

    Index Funds Explained: What are they? Also, Index ETFs, should you invest?

    Reliance Retail

    Reliance Retail: BPL and Kelvinator products build under them!

    Early Retirement

    How to plan for early retirement | Follow these tips and retire early!

    Irctc Stock Split

    IRCTC Stock split: How it benefits the company and what it means

  • Sports
    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    Los Angeles Rams Win Super Bowl

    Los Angeles Rams wins Super Bowl, beats Bengals

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Virat Kohli Blasts Social-Media Trolls That Targeted Mohammed Shami

    Virat Kohli blasts social-media trolls that targeted Mohammed Shami, calling them “a bunch spineless people”.

    Longoria Blast: The Sf Giants Lead The Dodgers, Scherzer And Crawford In The Nlds Thanks To Crawford'S Snag

    Longoria Blast: The SF Giants lead the Dodgers, Scherzer and Crawford in the NLDS thanks to Crawford’s snag

    Neeraj Chopra At Olympics

    Neeraj Chopra targets a 90m throw with Olympic 2020 Gold in his pocket.

    Italy Becomes Euro 2020 Champion After Beating England 3-2

    Italy becomes Euro 2020 champion after beating England 3-2

    Shubman Gill To Miss First Test Match Due To Leg Injury

    Shubman Gill to Miss First Test Match Due to Leg Injury

    Ipl 2021

    IPL 2021: Padikkal’s century help Royal Challengers retain number one position in the Points Table

  • Technology
    How Can Videos Fuel Up Your Tech Business?

    How can videos fuel up your tech business?

    Boost Your Internet Speeds With These 10 Easy Hacks

    Boost Your Internet Speeds with These 10 Easy Hacks

    Google Word Coach

    Google Word Coach: 2022 Guide – Everything You Need To Know About This Fun and Free Word Game!

    Oneplus Buds Z2 Leaks: Everything We Know So Far!

    OnePlus Buds Z2 Leaks: Everything we know so far!

    Deals On Laptops You Can'T Resist Only On Flipkart Big Billion Days Sale 2021

    Deals on Laptops you can’t resist only on Flipkart Big Billion Days Sale 2021

    Slow Internet Speed? Possible Causes And How To Fix Them

    Slow internet speed? Possible causes and How to fix them

    Realme C21Y

    Realme C21Y: Launched in India. Check out the all specs!

    Vivo X70

    Vivo X70 Series Leaks: Here are the Specifications and everything we know so far!

    Jio Phone Next

    Jio Phone Next launches on September 10, here’s everything to know!

  • Inspiration
    “Valentine’s Day”: A Day Of Love In The Covid-19 Conditions

    “Valentine’s Day”: 5 Tips to make the Day Of Love Memorable

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    The Story Of The Adani Group: Gautam Adani

    The Story of the Adani Group: Gautam Adani

    Blue Origin & Jeff Bezos: Video Shows Crew Performing Somersaults In Space

    Blue Origin & Jeff Bezos: Video shows crew performing somersaults in Space

    Indian-Origin Contestant Justin Narayan Won Masterchef Australia 13

    Indian-origin contestant Justin Narayan won MasterChef Australia 13

    Dilip Kumar Passed Away At 98 Marking The End Of An Era

    Dilip Kumar passed away at 98 marking the end of an era

    Homeless Artist Richard Gets Viral With The Help Of Ngo And His Talent

    Homeless Artist Richard gets viral with the help of NGO and his talent

    Zomato’s Powerful Decision To Add More Female Delivery Partners

    Zomato’s powerful decision to add more female delivery partners

    4 Unique Ways To Redecorate Your Home This Summer

    4 unique ways to redecorate your home this summer

SUBSCRIBE
  • World News
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Shetland Season 7

    Shetland Season 7 – Plot, Recap, Cast, Release Date, And Other Exciting News That You Need To Know!

    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    Oscars 2022 – 94Th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith Did What?

    Oscars 2022 – 94th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith DID WHAT?

    Magic High School Season 3

    The Irregular at Magic High School Season 3 – Plot, Release Date, Recap – Exciting News That You Need To Know!

    No Smoking Day 2022

    No Smoking Day 2022: Could You Be The Next Person To Quit Smoking?

    2022 Academy Country Music Awards

    2022 Academy Country Music Awards – Complete Winners List and Everything We Know!

    Monster Anime: Where Can You Watch?

    Monster Anime by Naoki Urasawa: Where can you watch?

  • Entertainment
    • All
    • Movies
    • Netflix
    • Wiki
    Psychic Princess Season 2

    Psychic Princess Season 2 – Plot, Recap, Release Date And More Exciting News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap And More Thrilling News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap, And More Thrilling News You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    The Chosen Season 3

    The Chosen Season 3 – Plot, Recap, Release And More Thrilling News!

    Nisekoi Season 3 - Expected Plot, Release Date, Recap And More Thrilling News!

    Nisekoi Season 3 – Expected Plot, Release Date, Recap And More Thrilling News!

    Sk8 The Infinity Season 2

    SK8 The Infinity Season 2 – Release date, Expected plot, Recap – All The Latest Thrilling News That You Need To Know!

    Electric Picnic 2022

    Electric Picnic 2022 – Dates, Lineup, Tickets – Latest Announcements And Everything We Know!

    The Punisher Season 3

    The Punisher Season 3 – Plot, Recap, Release Date, Cast And Everything You Need To Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

  • Business & Finance
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Differences Between Pre-Qualified And Pre-Approved Mortgages

    Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

    Facebook Has Shifted Focus To Short-Form Video After The Stock Market Loss

    Facebook has shifted focus to short-form video after the stock market loss

    Nykaa Ipo: Beauty Startup Founder Falguni Nayar Has Joined The Ranks Of The World'S Richest.

    Nykaa IPO: Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    Index Funds

    Index Funds Explained: What are they? Also, Index ETFs, should you invest?

    Reliance Retail

    Reliance Retail: BPL and Kelvinator products build under them!

    Early Retirement

    How to plan for early retirement | Follow these tips and retire early!

    Irctc Stock Split

    IRCTC Stock split: How it benefits the company and what it means

  • Sports
    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    Los Angeles Rams Win Super Bowl

    Los Angeles Rams wins Super Bowl, beats Bengals

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Virat Kohli Blasts Social-Media Trolls That Targeted Mohammed Shami

    Virat Kohli blasts social-media trolls that targeted Mohammed Shami, calling them “a bunch spineless people”.

    Longoria Blast: The Sf Giants Lead The Dodgers, Scherzer And Crawford In The Nlds Thanks To Crawford'S Snag

    Longoria Blast: The SF Giants lead the Dodgers, Scherzer and Crawford in the NLDS thanks to Crawford’s snag

    Neeraj Chopra At Olympics

    Neeraj Chopra targets a 90m throw with Olympic 2020 Gold in his pocket.

    Italy Becomes Euro 2020 Champion After Beating England 3-2

    Italy becomes Euro 2020 champion after beating England 3-2

    Shubman Gill To Miss First Test Match Due To Leg Injury

    Shubman Gill to Miss First Test Match Due to Leg Injury

    Ipl 2021

    IPL 2021: Padikkal’s century help Royal Challengers retain number one position in the Points Table

  • Technology
    How Can Videos Fuel Up Your Tech Business?

    How can videos fuel up your tech business?

    Boost Your Internet Speeds With These 10 Easy Hacks

    Boost Your Internet Speeds with These 10 Easy Hacks

    Google Word Coach

    Google Word Coach: 2022 Guide – Everything You Need To Know About This Fun and Free Word Game!

    Oneplus Buds Z2 Leaks: Everything We Know So Far!

    OnePlus Buds Z2 Leaks: Everything we know so far!

    Deals On Laptops You Can'T Resist Only On Flipkart Big Billion Days Sale 2021

    Deals on Laptops you can’t resist only on Flipkart Big Billion Days Sale 2021

    Slow Internet Speed? Possible Causes And How To Fix Them

    Slow internet speed? Possible causes and How to fix them

    Realme C21Y

    Realme C21Y: Launched in India. Check out the all specs!

    Vivo X70

    Vivo X70 Series Leaks: Here are the Specifications and everything we know so far!

    Jio Phone Next

    Jio Phone Next launches on September 10, here’s everything to know!

  • Inspiration
    “Valentine’s Day”: A Day Of Love In The Covid-19 Conditions

    “Valentine’s Day”: 5 Tips to make the Day Of Love Memorable

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    The Story Of The Adani Group: Gautam Adani

    The Story of the Adani Group: Gautam Adani

    Blue Origin & Jeff Bezos: Video Shows Crew Performing Somersaults In Space

    Blue Origin & Jeff Bezos: Video shows crew performing somersaults in Space

    Indian-Origin Contestant Justin Narayan Won Masterchef Australia 13

    Indian-origin contestant Justin Narayan won MasterChef Australia 13

    Dilip Kumar Passed Away At 98 Marking The End Of An Era

    Dilip Kumar passed away at 98 marking the end of an era

    Homeless Artist Richard Gets Viral With The Help Of Ngo And His Talent

    Homeless Artist Richard gets viral with the help of NGO and his talent

    Zomato’s Powerful Decision To Add More Female Delivery Partners

    Zomato’s powerful decision to add more female delivery partners

    4 Unique Ways To Redecorate Your Home This Summer

    4 unique ways to redecorate your home this summer

No Result
View All Result
Spire News
No Result
View All Result
Home Business & Finance

Why Reliance acquired Just Dial? The Bigger Picture beyond Rs. 5,710 crores!

Reasons for Reliance acquiring Just Dial: Growth and stability

Kushal Raut by Kushal Raut
February 25, 2022
Reading Time: 3 mins read
0
Why Reliance Acquired Just Dial? The Bigger Picture Beyond Rs. 5,710 Crores!

Reliance acquired Just Dial for growth

There were a lot of words about the acquisition of Justdial. Reliance acquired Justdial by about 40% stake in the company. Why did the deal take place in the first place? Here are all the reasons why Reliance acquired Just Dial.

RELATED POSTS

LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

Facebook has shifted focus to short-form video after the stock market loss

Just after the deal, the stock price of Just Dial fell by 4% on NSE. After this transaction Reliance owns around 41-67% of the entire Just Dial. All of this means that Reliance acquired Just Dial for a deal worth Rs. 5,710 crores. 

Reasons: Reliance acquired Just Dial

With the acquisition of Just Dial, the company will be able to transform from a plain vanilla listings platform to a comprehensive platform that includes discovery and transactions as well. Still, VSS Mani is going to continue as the director and CEO of Just Dial. It is indeed a relief for the investors. Check out: Oppo Reno 6 Series Launched

The company was facing a problem or say a unique challenge. Even after the implementation of an additional sales resource department, it did not yield the required growth. In this case, the fix is to churn out more value from existing customers. If not done, it can risk the company becoming obsolete. So, in order to fix the same, Just Dial tried to bring in more value to existing customers with the features such as Search Plus and Just Dial Omni. 

The stock price might decline a bit for a couple of days. Reliance acquired Just Dial doesn’t change much for them other than capital. As mentioned earlier, the main officer stays the same. Through this, Just Dial might be able to up their game into the new offering features such as Search Plus and inventory management. Who knows it might be beneficial as a whole for Reliance Retail and Jio Mart as well. 

Why Reliance Acquired Just Dial? The Bigger Picture Beyond Rs. 5,710 Crores!

How did Just Dial struggle

Search Plus by Just Dial was started with the aim to bring in a digital platform ahead of listing. With this, customers cannot just find local businesses online but also transact with them like E-commerce. However, after the introduction, things did not perform well. It featured inventory management, billing, and a host of other things. However, competition is intense for e-commerce. The company struggled to keep up which led them to cut it off. Eventually, the company limited itself to listings.

ADVERTISEMENT

However this time the SME listings included the Tier II, Tier III companies. Although, it wasn’t enough as well. The thing was, SMEs don’t need to advertise much or pay huge premiums for discovery purposes. 

For food, people use Zomato or swiggy. For medicines, people use others and so on. Over here, Just Dial was the jack of all but the master of none. This was problematic as every company around is specialized for search.

Just Dial Deal 

Though Just Dial happens to be among the few listed businesses which churned out profits. However, that is only the part the majority of the people around knew. Considering how it affects the growth of the company and its direction, it is evident for Reliance acquired Just Dial. It is mainly because the acquisition eases the burden. 

Why Reliance Acquired Just Dial? The Bigger Picture Beyond Rs. 5,710 Crores! Why Reliance Acquired Just Dial? The Bigger Picture Beyond Rs. 5,710 Crores! Why Reliance Acquired Just Dial? The Bigger Picture Beyond Rs. 5,710 Crores!

Reliance acquired Just Dial is good for Reliance as well. They as a whole got a great internet startup for a decent amount of capital. Everyone knows that Reliance is looking on to fill out the entire wider picture. With something like Just Dial in its hands, it can achieve it. 

Conclusion

Thus, these were all of the reasons why Just Dial wasn’t able to suffice. The revenue, the market loss, covid-19 pandemic were adding up to the list of factors. This ultimately meant Reliance acquired Just Dial. 

What do you think about the acquisition? Drop the opinions about Reliance acquiring everything in the comments below. 

Tags: Just DialJust Dial acquisitionRelianceReliance acquired Just Dial
Share30Tweet19Share5Pin7ShareSend
Kushal Raut

Kushal Raut

Tech Enthusiast | He loves to write about Technology and share his experience in whatever way possible | Other than Tech, can cover a variety of topics! Ping him at kushal@morkiz.com

Related Posts

Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!
Breaking

LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

April 29, 2022
1.2k
Differences Between Pre-Qualified And Pre-Approved Mortgages
Business & Finance

Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

April 27, 2022
1.2k
Facebook Has Shifted Focus To Short-Form Video After The Stock Market Loss
Business & Finance

Facebook has shifted focus to short-form video after the stock market loss

February 7, 2022
1.2k
Nykaa Ipo: Beauty Startup Founder Falguni Nayar Has Joined The Ranks Of The World'S Richest.
Business & Finance

Nykaa IPO: Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.

February 2, 2022
1.2k
Portfolio Diversification
Business & Finance

Portfolio Diversification: How to diversify your portfolio!

February 14, 2022
1.3k
Index Funds
Business & Finance

Index Funds Explained: What are they? Also, Index ETFs, should you invest?

February 14, 2022
1.2k
Next Post
Flood In China: 12 People Dead, Cars Flooded By Heaviest Rain!

Flood in China: 12 people dead, cars flooded by heaviest rain!

Blue Origin & Jeff Bezos: Video Shows Crew Performing Somersaults In Space

Blue Origin & Jeff Bezos: Video shows crew performing somersaults in Space

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Whatsapp Privacy Policy: &Quot;Won'T Comply Users To Accept&Quot; Says Whatsapp

WhatsApp Privacy Policy: “Won’t comply users to accept” says WhatsApp

July 9, 2021
1.2k
Loki Episode 2 Review: Loki Is Back And Better Than Ever!

Loki Episode 2 Review: Loki is back and better than ever!

July 4, 2021
1.2k
Nasa Mars Mission

NASA Mars mission is seeking applicants for four spots in a simulated Martian habitat.

August 16, 2021
1.2k

Popular Stories

  • Descendants Of The Sun Season 2

    Descendants of the Sun Season 2: Release Date, Cast & More

    284 shares
    Share 113 Tweet 71
  • El Cid Season 3: Release Date, Plot, Recap & Everything We Know

    171 shares
    Share 68 Tweet 43
  • So I’m a Spider, So What Season 2 – Release date, Expected plot, Recap – Everything We Know!

    164 shares
    Share 66 Tweet 41
  • Monster Anime by Naoki Urasawa: Where can you watch?

    150 shares
    Share 60 Tweet 38
  • Watch Kurulus Osman Online in Urdu and Hindi for Free

    107 shares
    Share 42 Tweet 26

New York
◉
57°
Fair
5:34am8:10pm EDT
Feels like: 57°F
Wind: 5mph SE
Humidity: 86%
Pressure: 29.85"Hg
UV index: 0
FriSatSun
70/63°F
90/72°F
90/64°F
Weather forecast New York, New York ▸
  • About Us & Our Team
  • Cookie Policy
  • Privacy Policy
  • Disclaimer
  • Editorial Policy
  • Guest Posts
  • Contact Us

© 2022 Spire News

No Result
View All Result
  • World News
  • Entertainment
  • Business & Finance
  • Sports
  • Technology
  • Inspiration

© 2022 Spire News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In