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JustDial’s Omni product made Rs 5.5 crore in revenue in Q1 FY17

Online listings and ecommerce company JustDial had reported an operational revenue rise of 6% to Rs 179 crore for the June quarter (Q1 FY17). Of this, the company said that it recognized a revenue of Rs 5.5 crore from its Omni business.  Omni is an inventory management product it introduced to help small businesses manage their online and offline sales. In the preceding quarter JustDial said it saw setup fees of Rs 3.65 crore recognized from Omni. In a call with analysts, JustDial's senior management spoke about the business and how it sees Google as its competition. Notes from the call: 1. 6000 businesses signed on Omni: VSS Mani, founder of JustDial, said that 6,000 businesses have signed on for Omni. However, out of the 6000 that the company signed, they recognized revenue for about 2000 contracts.The total number of contracts increased from 2500 in the…

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