Satya Prabhakar
๐ค SpeakerAppearances Over Time
Podcast Appearances
We were off by 20-25%.
Yes, I am.
Thank you for your time and for your interest.
Well, at this point till now, it is a marketplace business model where experts, when we say expert services, these are services, service providers who offer high value services where there's a lot of user engagement in terms of which service provider that they choose.
for providing the service.
So for these things at this point, Sulekha is a marketplace model.
What we are is that we are for these SMEs so that they can get the right kind of consumers, not just from the Sulekha platform, but also from outside of Sulekha platform from various search engines
and other local services marketplaces.
See, initially when we launched the business in 2007, and primarily in India, and we have a strong presence among Indians living outside of India also,
which are the non-resident Indians.
So initially when we started the service, it was primarily a classified kind of a service.
So, which people were primarily.
So as we evolved over the last about 10 years from the time, what we have done is we have focused on services as the main stay of the platform.
where consumers are looking for service providers and service providers are looking for motivated buyers, which are consumers on this side.
And there's a lot of friction between the trying to match these two things because the service providers don't have the credibility of the brand like big banks and they need an independent platform to attest to their credibility and their reputation.
We launched the company in 2007 in India.
Right.
So we have close to, you know, about 7 to 8 million people who use the service platform.
every month, 78 million people who use a service every month were registered users.
And what does that mean though?