Sulekha plans to launch daily deals site

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Sulekha plans to launch daily deals site
Chennai: The Indian classifieds website, Sulekha.com, plans to launch a daily deals site. The site will offer discounts up to 90 percent on dining, travel, movies, entertainment, movies, spa, healthcare and many more. Satya Prabhakar and Sangeeta Kshettry founded sulekha.com in 2002 in India as Sulekha.com New Media. It is a global, interactive, mobile and internet platform for connecting Indians worldwide and serves them through portfolio of industry-leading services including Classifieds, Yellow Pages Business Search, Events and Social Media reviews and participation. It serves an exponentially growing online and mobile member base of 6.2 million in over 50 cities in India, U.S.A and other countries. The company received an initial round of funding from Indigo Monsoon Partners and broke-even in 2.5 years. Later on in 2006, they raised Series A round of funding from Norwest Venture Partners. Commenting on the news of launching a daily deals site, Sulekha Best Buy, being published in other medias, Prabhakar said, "We are still in the verge of fielding the correct concept for our site and have not yet launched any such daily deals site for now. It is great pleasure to offer a varied facilities to our customers and we hope to keep on gifting them with new ideas." The company continues to rapidly expand its user and customer base both through its own sales force and through a growing network of prominent alliances with major mobile and online partners such as Reliance, Vodafone, Airtel, Spice, Sify and others, making the use of their site easy and omnipresent. The company has 300 employees and operates in Austin, Chennai, Bangalore, Hyderabad, Mumbai and Seattle.