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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

The ones who are matched successfully to service providers per month would be around

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

about 600,000 to about 800,000.

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

So what we offer to service providers, our revenue comes from the service providers, but the consumers, it is free to use.

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

So when the service providers subscribe to the Suleca services,

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

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.

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

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

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

So many match service requests and these match service requests are valued per service request so much.

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

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.

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

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.

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

And that one actually, Nathan, varies from anywhere between $100 to about $2,500 a month.

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

On the number of matches and also on the value on the service.

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

For example, let me give you a small example.

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

If you're looking at a painting contractor, the value of match service request can be $2 to $3.

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

But if you're looking at a large event organizer, the value of that thing can be anywhere between $15 to $20.

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

We have raised capital to grow the business.

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

How much have you raised to date?

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

Till date, we have raised about $40 million.