Satya Prabhakar
๐ค SpeakerAppearances Over Time
Podcast Appearances
The ones who are matched successfully to service providers per month would be around
about 600,000 to about 800,000.
Okay.
So what we offer to service providers, our revenue comes from the service providers, but the consumers, it is free to use.
So when the service providers subscribe to the Suleca services,
based upon the city and the category in which the service providers are, we estimate what is the number of service matched and verified service requests that they get.
And there is a cost that the AI algorithm of the platform estimates for the city category based upon the value of the service, based upon supply demand, and then says that in this period of time, we will be able to serve you
So many match service requests and these match service requests are valued per service request so much.
And the system automatically comes up and say, this is what you need to pay for a three-month period or a six-month period.
So there is accountability on part of the Sulekha to the service providers in terms of what is the matched value that they would get from the platform.
Yeah, correct.
And that one actually, Nathan, varies from anywhere between $100 to about $2,500 a month.
On the number of matches and also on the value on the service.
For example, let me give you a small example.
If you're looking at a painting contractor, the value of match service request can be $2 to $3.
But if you're looking at a large event organizer, the value of that thing can be anywhere between $15 to $20.
We have raised capital to grow the business.
Yes, we have.
How much have you raised to date?
Till date, we have raised about $40 million.