Connect with us

GECs

Norwest Venture partners invests $10 million in Web 2.0 Sulekha.com

Published

on

MUMBAI: Sulekha.com, the online social media and local commerce destination for Indians,has announced Promod Haque’s global technology venture capital firm, Norwest Venture Partners (NVP)’s series A, investment of $10 million in the company.

 

Sulekha.com plans to use the new capital to extend business development and marketing, primarily through alliances, and expand its service offerings into new vertical markets. NVP managing partner Promod Haque, has joined the Sulekha board of directors. Sulekha, founded and run by Satya Prabhakar, received prior funding from the Indigo Monsoon Group (IMG), led by Param Parameswaran and Harish Raghavan. IMG invests in early stage companies in the Indian Internet and Mobile domains.

 

“Sulekha has been a Web 2.0 company even during the Web 1.0 days. It has positioned itself at the vortex of three of the largest Internet mega-trends: India, Social Media and Local Commerce through industry-leading services including Blogs, Social Networks, Classifieds and Yellow Pages. While the management of Sulekha has done a great job of developing reach and revenue, the real explosive potential, both in online and mobile platforms, is still in front of us,” said Haque.

Advertisement

 

“NVP is one of the most reputed venture capital firms in the world with more than 45 years of experience in building successful companies. This, coupled with NVP’s strong interest, many investments and relationships across various industries in India, made NVP a great choice for Sulekha as we pursue aggressive growth plans in the coming year,” said, Sulekha.com founder and CEO Satya Prabhakar. “In particular, we look forward to working with Promod Haque who, with his valuable experience and vast global network, has helped numerous companies, both in U.S. and India, soar and succeed,” he added.

 

“The marriage of trusted member to member interactions and its application to classifieds and business search/ratings holds incredible promise in spurring local commerce in India. Sulekha’s successful track record of aggregating member content and interactions by city and by vertical areas of interest will allow us to deploy the new capital to dominate this market niche,” said IMG and Sulekha.com Chairman Param Parameswaran.

 

Advertisement

Sulekha’s Portfolio of Services – Interact and Transact
By offering a user-generated platform and a trusted community network, Sulekha enables Indians to interact and transact with their peers and businesses through three popular services:

 

Blogs and Social Networking – Sulekha provides the largest and most popular platform for Indians to voice their ideas, opinions and reviews in blogs. Users can also connect with other Indians creating online social networks. Just as social networking driven by expression has become a destination for US consumers, Sulekha brings the same experience to India and beyond.

 

Sulekha has crafted successful offline partnerships with such companies as Penguin, DNA and Indian Express to create important additional distribution avenues for its tens of thousands of bloggers.

Advertisement

 

Classifieds – Sulekha has the largest and most popular Indian classifieds marketplace for goods and services that fosters transactive relationships among its members in over 25 cities worldwide daily. With more than 250,000 ads and addressing 80% of online Indians worldwide, Sulekha provides unparalleled opportunities to connect members when they need to interact and transact.

 

Yellow Pages – Sulekha.com is the provider of online yellow pages in India supporting millions of business searches every month. Sulekha leverages its vast audience to help local businesses reach customers on a daily basis, and includes user-contributed reviews, ratings and recommendations to enable consumers to make the most informed purchasing decisions. Sulekha’s yellow pages currently offer business listings in eight cities throughout India and US. Sulekha Yellow Pages is also integrated with WAP-enabled mobile phones for mobile downloads of listings.

 

Advertisement

“While we are only recently witnessing tremendous interest in Web 2.0 startups worldwide, Sulekha has been a thought leader in this space for some time, and continues to make rapid strides. Sulekha’s strong and experienced management team is well-positioned to capitalize on the unprecedented Internet growth in India over the last year, and we believe the company has a first mover advantage in pursuing significant revenue-generating opportunities in the coming years,” added Haque

GECs

Sun TV posts steady revenue, profit dips amid rising costs

Published

on

CHENNAI: It appears there is still plenty of Sun to go around in the Indian broadcasting landscape, even if a few clouds have drifted across the financial horizon. Sun TV Network Limited, the Chennai-based behemoth that dominates airwaves across seven languages, has tuned into a steady frequency for the quarter ending 31 December 2025. While the numbers show a resilient revenue stream, the company’s latest broadcast reveals a few static-filled spots in its profit margins.

For the quarter in question, Sun TV’s total income climbed by approximately 3.31 per cent, reaching Rs 958.39 crores compared to Rs 927.66 crores in the same period last year. Revenue from operations also saw a healthy bump, rising 4.32 per cent to Rs 827.87 crores.

The real star of the show, however, was domestic subscription revenue, which surged by 8.86 per cent to Rs 472.99 crores. This growth highlights the enduring appetite for Sun’s diverse content, which spans everything from daily soaps in Tamil and Telugu to its burgeoning OTT platform, Sun NXT.

Despite the revenue growth, the picture quality of the profits was slightly blurred by rising costs. Eitda for the quarter stood at Rs 409.79 crores, a dip from the Rs 432.14 crores recorded in the corresponding 2024 quarter.

The profit after tax followed a similar downward trend, settling at Rs 316.44 crores against the previous year’s Rs 347.17 crores. Advertisers also seemed to have switched channels slightly, with advertisement revenues sliding to Rs 291.94 crores from Rs 332.17 crores.

Advertisement

Sun TV isn’t just playing on home turf; its sporting ambitions are becoming increasingly global. The network now owns three major cricket franchises: SunRisers Hyderabad in the IPL, SunRisers Eastern Cape in SA20, and SunRisers Leeds Limited in The Hundred (UK).

The foray into British cricket saw the company acquire a 100 per cent stake in Northern Superchargers Limited (now SunRisers Leeds) for approximately £100 million. While these franchises brought in Rs 14.61 crores this quarter, they also incurred corresponding costs of Rs 19.89 crores. Over the nine-month period, however, the cricket business is a major player, contributing Rs 487.64 crores in income.

The company’s bottom line took a minor hit from exceptional items, including a Rs 4.23 crore charge related to India’s new Labour Codes, which consolidated 29 existing labour laws. Additionally, the consolidated results reflect the amalgamation of Kal Radio Limited with Udaya FM, a move that became effective in May 2025 and required a restatement of previous figures.

To keep investors from reaching for the remote, the Board has declared an interim dividend of 50 per cent, that’s Rs 2.50 per equity share. This comes on top of earlier dividends of 100 per cent (Rs 5.00) and 75 per cent (Rs 3.75) declared in August and November 2025, respectively.

With a massive cash reserve and a dominant position in the South Indian market, Sun TV continues to shine, even if the current quarter required a bit of fine-tuning. For now, shareholders can sit back, relax, and enjoy the show.
 

Advertisement
Continue Reading

GECs

SPNI hires Pradeep M with responsibility for standards and practices in the south

Published

on

MUMBAI: Sony Pictures Networks India has hired Pradeep M to handle standards and practices for its southern market, bolstering its compliance bench as content rules tighten across platforms.

Pradeep, who has nearly 13 years in the entertainment media industry, takes on responsibility for content standards in a region that is both linguistically diverse and regulatorily sensitive. His brief spans television, OTT, sports and digital platforms.

He specialises in content review and compliance across shows, commercials, on-air promotions and international feeds, ensuring alignment with broadcast, OTT and advertising codes. He has also handled brand approvals and sponsorship integrations for heavily regulated categories—including online gaming, cryptocurrency, NFTs and lottery brands—offering guidance shaped by fast-evolving rules.

Before Sony, Pradeep worked at Jiostar as assistant manager for content regulation from November 2024 to January 2026. Earlier, he spent nearly seven years at Viacom18 Media, rising from senior executive to assistant manager in content regulation between 2018 and 2024. There he served as a key compliance touchpoint for the network.

His career began on the creative side. Between 2013 and 2018, he worked as executive producer on feature films and television shows, gaining hands-on exposure to production. He also had a stint as a non-fiction show director at Star TV Network in 2017. That mix of creative and regulatory experience gives him a dual lens—how content is made and how it must be managed.

Advertisement

As regulators, platforms and advertisers all tighten the screws, broadcasters are investing more in gatekeepers who can keep creativity within the lines. Sony’s latest hire shows where the industry is heading: in the streaming age, compliance is content’s quiet co-star.

Continue Reading

GECs

Colors Gujarati rolls out two new shows from 2nd February

Published

on

MUMBAI: Colors Gujarati has unveiled two new prime-time shows as part of its push to strengthen culturally rooted storytelling for regional audiences. The channel will premiere the devotional saga Gangasati–Paanbai at 7.30 pm, followed by the romantic family drama Manmelo at 9.30 pm from February 2.

Inspired by Gujarat’s spiritual and literary heritage, Gangasati–Paanbai: Shyam Dhun No Navo Adhyay draws from the timeless bhajans and poetry of saint-poetesses Gangasati and Paanbai, weaving devotion and human values into a contemporary narrative aimed at younger viewers.

In contrast, Manmelo explores love and responsibility across social divides, tracing the lives of three middle-class sisters whose relationships with three affluent brothers reshape their futures. The show delves into ambition, emotional conflict and the realities of married life, offering a layered family drama.

A Colors Gujarati spokesperson said the new launches reflect the channel’s commitment to authentic Gujarati entertainment that blends cultural values with modern storytelling.

Continue Reading
Advertisement CNN News18
Advertisement whatsapp
Advertisement ALL 3 Media
Advertisement Year Enders

Trending

Copyright © 2026 Indian Television Dot Com PVT LTD

This will close in 10 seconds

×