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Sulekha.com
File:Sulekha logo.png
Type of businessVenture-Funded
Type of site
Web Portal
Available inEnglish
HeadquartersChennai, Tamil Nadu, India
Area servedIndia, United States, Canada
Founder(s)
  • Satya Prabhakar
  • Sangeeta Kshettry
ChairmanParam Parameswaran
CEOSatya Prabhakar
Employees1300
URLwww.sulekha.com
AdvertisingOnline
RegistrationOptional
Current statusActive

Sulekha is a digital business in India.[2][3][4] Sulekha has 14 offices and 1,300+ employees across India.[3]

About

Sulekha, led by Param Parameswaran (Chairman) and Satya Prabhakar (CEO), is India’s largest digital platform for local services serving one of the largest bases of users and service providers.

Service Micro-Small-Medium-Enterprises (MSMEs) today contribute, according to a recent report by KPMG and Google, an estimated 35% of India's GDP, one of the fastest growing economies of the world.

Sulekha uses data and technology to intelligently match the needs of 20+ M users with 4+ million service businesses across 40 cities and 500+ categories including home and office services, coaching and tuition, real estate and rentals, lifestyle and training.

Sulekha helps make life simple for users by minimizing the time, cost and hassle of finding the right service provider for their specific need.

Sulekha helps SMEs grow by offering them the most inexpensive, easiest and fastest ways to market their services in the city/locality and category and find targeted prospects.

Sulekha serves Indians in India and US and has operations across major cities in India.

Sulekha's investors are: Norwest Venture Partners (Palo Alto), GIC (Singapore), Mitsui (Tokyo).

History

Satya Prabhakar and Sangeeta Kshettry founded Sulekha as a platform enabling interactions among Indians. Sulekha raised its initial investment from Indigo Monsoon Group[5] when Param Parameswaran (as Chairman) and Harish Raghavan joined its Board. Param Parameswaran actively advised and helped focus the company on its India expansion in 2007, and expand its digital and mobile platform to connect users and businesses for local services. At this time, Norwest Venture Partners (NVP)[6] invested in the company, and Promod Haque,[7] Senior Managing Partner of NVP, joined Sulekha’s Board. In 2011, Mitsui & Co. (Tokyo),[8] a Global Fortune 200 company, led the Series B round of investment with NVP also participating. In April 2015, GIC, the Sovereign Wealth Fund of Singapore, led a further round of investment along with NVP into the company.[9][10][11]

Sulekha commissioned an animated commercial called "Arjuna the Archer" from J. Walter Thompson which emulated the style of Patta Chitra Katha, a traditional form of leaf painting folk-art.[12][13] The advertisement won the 2008 Cannes Lions Bronze Award for "Animation under film craft".[14][15]

Satya Prabhakar

Satya Prabhakar was born on 3, November 1963 in Machilipatnam, Andhra Pradesh. He received Bachelor of Engineering (B.E.) degree in Electronics and Communication Engineering from National Institute of Technology, TIruchirappalli in 1984. He received his Master of Science (M.S.) in Computer Science and Master of Business Administration (MBA) degrees in 1987 and 1989 respectively from University of Florida.[16][17]

References

  1. ^ "sulekha.com Site Info". Alexa Internet. Retrieved 27 April 2015.
  2. ^ "About us Sulekha.com: For all your local needs". www.sulekha.com. Retrieved 14 January 2016.
  3. ^ a b "About us Sulekha.com: For all your local needs". www.sulekha.com. Retrieved 14 January 2016.
  4. ^ "Sulekha.com raises Rs 175 cr from Singapore's sovereign fund, NVP". www.msn.com. Retrieved 14 January 2016.
  5. ^ "Indiaplaza.in Looking At $10M Fundraise | Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding". techcircle.vccircle.com. Retrieved 14 January 2016.
  6. ^ "Companies". Norwest Venture Partners. Retrieved 14 January 2016.
  7. ^ "Promod Haque". Norwest Venture Partners. Retrieved 14 January 2016.
  8. ^ "Mitsui's Private Equity Arm Opens India Office | VCCircle". www.vccircle.com. Retrieved 14 January 2016.
  9. ^ "Sulekha.com raises Rs 175 crore from GIC, NVP". The Hindu. 21 April 2015. ISSN 0971-751X. Retrieved 14 January 2016.
  10. ^ "Sulekha.com raises Rs175 cr from GIC, Norwest Venture Partners". The Financial Express. 21 April 2015. Retrieved 14 January 2016.
  11. ^ "Sulekha raises $28 M from GIC & Norwest; to expand to more cities". MediaNama. Retrieved 14 January 2016.
  12. ^ "Sulekha.com revives the ancient art of Patta Chitra Katha". Campaign India. Retrieved 14 January 2016.
  13. ^ "Arjuna The Archer - Sulekha.com". arjunathearcher.sulekha.com. Retrieved 14 January 2016.
  14. ^ "Sulekha.com's 'Arjuna the Archer' scores another metal". www.afaqs.com. Retrieved 14 January 2016.
  15. ^ "J. Walter Thompson India - Awards - AdForum Profile". www.adforum.com. Retrieved 14 January 2016.
  16. ^ "Satya Prabhakar". Linkedin. Retrieved 26 March 2017. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  17. ^ "About Satya Prabhakar" (PDF). Sulekha. Retrieved 26 March 2017. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
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