Indian classifieds startup Just Dial valued slightly more than cash on its books

About six years ago, Just Dial Ltd, the online classifieds company, had a market capitalization of 13,000 crore.

Now, its value has dwindled to 2,000 crore. While the drop in value itself is striking, it’s also interesting to note that in end-December, the company had cash worth 1,500 crore on its books.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter