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Web18 recorded revenues of Rs 85 crore in FY11

Web18, the online and mobile arm of Network18 Group, has
said that the division has recorded 16 per cent revenue growth for FY11 at Rs
85 crore as compared to Rs 73 crore in FY10. The company also broke even in
FY11 and the revenues for Q4FY11 stood at Rs 25 crore.

Web18, the online and mobile arm of Network18 Group, has
said that the division has recorded 16 per cent revenue growth for FY11 at Rs
85 crore as compared to Rs 73 crore in FY10. The company also broke even in
FY11 and the revenues for Q4FY11 stood at Rs 25 crore.

“Moneycontrol.com and In.com, continued to be
market leaders in their categories – financial portal and horizontal
respectively and registered rapid growth in the number of unique visitors.
Moneycontrol.com had its best month ever in February 2011 with over 17.9 million
total visits for the month as per Comscore. BookMyShow.com continued its strong
revenue growth momentum. HomeShop18’s website was re-launched in FY2011 and has
broken into the top 3 league among ecommerce sites in India as per the Comscore
data with over a million unique visitors in March 2011,” the company said.

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