Sulekha
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| Type | Venture-Funded |
|---|---|
| Headquarters | Chennai, Tamil Nadu, India |
| Area served | India, United States, Canada |
| Founder(s) |
|
| Chairman | Param Parameswaran |
| CEO | Satya Prabhakar |
| Employees | 1300 |
| Website | www |
| Type of site | Web Portal |
| Advertising | Online |
| Registration | Optional |
| Available in | English |
| Current status | Active |
Sulekha.com is an Indian website which hosts classified ads, social networking, and other forms of user-generated content. It was founded by Satya Prabhakar and Sangeeta Kshettry. VentureBeat described it as "the merging of Facebook and Craigslist in India".[1]
History
Sulekha raised its initial investment from Indigo Monsoon Group when Param Parameswaran (as Chairman) and Harish Raghavan joined its Board. In 2006, Norwest Venture Partners (NVP) invested around $10 million in the company,[2] In 2009, Sulekha started charging customers, whereas previously they had relied on advertising to generate revenue.[3] In April 2015, GIC and NVP invested 175 Crore into the company.[4][5][6]
References
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- ↑ http://www.thehindubusinessline.com/features/smartbuy/tech-news/sulekha-raises-rs-175-cr-from-singapore-wealth-fund-gic-venture-cap-nvp/article7125987.ece
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