Local services classifieds Sulekha raises over $28M in Series C led by Singapore's GIC
Summary
Sulekha.com New Media Pvt Ltd, which runs a digital classifieds platform for local services, has raised over Rs 175 crore from ($28.1 million) in Series C round of funding led by Singapores sovereign wealth fund GIC, a company spokesperson told Techcircle.in. "This investment by GIC and Norwest is a powerful endorsement of the vast potential of the local services opportunity in India and Sulekhas ability to prosecute it successfully. Sulekha is seizing an enormous opportunity in transforming how businesses find local customers and grow and we look forward to significant scale ahead," said Promod Haque, senior managing partner of NVP. Four years ago, Sulekha.com had raised $6.5 million in Series B funding from NVP and Japanese firm Mitsui Global. It is already one of the most active sovereign funds in the country with growing interest in real estate sector.