The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Sulekha.com receives $10mn Funding From Norwest Venture Partners

  • Comments Comments (View)
  • Text Size: A A

Norwest Venture Partners has invested $10 mn in one of the oldest Indian community portals - Sulekha.com (according to this release). The funding will be used for business development and for offering new services both online and on mobile. Sulekha has blogs, social networking, classifieds, events, yellow pages, among other services. This is Sulekha’s first institutional round of funding. Promod Haque, managing partner at Norwest Venture Partners has joined Sulekha’s board of directors.
Given the amount of money chasing Web 2.0 (I define it as the participatory business model) in India, I suppose Sulekha was bound to get funded. I never found Sulekha very usable (what with all the popups they had and the banners they still do), but they do have a dedicated userbase. Traction, as they call it, is critical to funding, as was repeated often at TiEcon Delhi 2006.
Related:
- $80mn Eyes Social Net In India; Any Local Language Social Net Sites Around?
- Sulekha Adds Ahmedabad To Its List Of Online Yellow Pages
- Sulekha.com Plans Travel Portal; Expands To Dubai, S’pore, London
- Sulekha.com Launches Yellow Pages On Mobile Phones

Nov 1, 2006 6:10 AM ET

Posted In: E-Commerce, Classifieds Business, Money, M&A & Venture Capital, Venture Capital

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

YouTube Videos YouTube Videos
1. Bugatti Veryon High Speed Runs x7
2. Tallest HS Player in the World 7'5"…
3. Giants Parade FAIL. What Giants player…
4. NEW! DOG(Argentine Mastiff) BITES…
5. Thank You Message to Selena Gomez…
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff