Paid listings growth slows down; we expect a 21.4% CAGR growth in listings during FY15-17E: The paid listings growth slowed to 16% during Q2FY16 on a YoY basis to 3.50lcs as against 2.96lcs during Q2FY15. We expect the paid listings growth for FY16E and FY17E at 19.4% and 23% respectively taking the aggregate listings base could reach to 4.14lcs and 5.11lcs.