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Satya Prabhakar

๐Ÿ‘ค Speaker
122 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

We were off by 20-25%.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

Thank you for your time and for your interest.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

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.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

for providing the service.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

So for these things at this point, Sulekha is a marketplace model.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

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

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

and other local services marketplaces.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

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,

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

which are the non-resident Indians.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

So initially when we started the service, it was primarily a classified kind of a service.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

So, which people were primarily.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

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.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

where consumers are looking for service providers and service providers are looking for motivated buyers, which are consumers on this side.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

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.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

We launched the company in 2007 in India.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

So we have close to, you know, about 7 to 8 million people who use the service platform.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

every month, 78 million people who use a service every month were registered users.

SaaS Interviews with CEOs, Startups, Founders
The $30 Million Marketplace Out of India

And what does that mean though?

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