SUCHI MUKHERJEE number of languges g.pptx

success

1. SUCCESSFUL ENTREPRENEURS IN INDIA SUCHI MUKHERJEE FOUNDER & CEO OF LIMEROAD

2. EARLY LIFE & EDUCATION Suchi Mukharjee was born on July 6 th 1973 in Haryana. A graduate in economics from St Stephen's College, Delhi . Masters in finance and economics from London School of Economics, UK . Bachelor in arts specializing in economics and mathematics from the University of Cambridge EDUCATION.   Suchi Mukherjee belongs to a middle class family from Haryana • Suchi Mukherjee family now consists of her husband, two kids and herself. Her parents must have played a huge role in her success, and so must her husband, Suchi Mukherjee family have contributed highly in what she is today. FAMILY BACKGROUND .

3. CAREER Lehman Brothers Inc in July 1998, as their new Senior Associate for Corporate Finance( focused on Telecoms Media Technology and Financial Institutions) Virgin Media from June 2003 as a Director of Change and Business Development.(consumer focused & member of Consumer Division Management Team) Suchi worked with them for almost 2 years and then took one of the WISEST DECISIONS of her life; She quit Virgin Media and joined “eBay”! CAREER   She joined the company first as the Head of Business Seller Programs & CS in the year 2006 and was the member of the UK Operating Management Team as well. With the way she performed, she was quickly promoted within a year, as the Director and Member of Executive Management Team for “Skype”, which back then was a part of eBay Inc.

4. IDEA OF LIMEROAD Surprisingly, the idea of LimeRoad.com was born out of a moment of utter frustration – she was reading a glossy magazine in London and found a piece of jewelry that she liked, and wanted to buy it, but because it was from some small store in Mumbai, it obviously wouldn’t have reached to her anytime soon.  Identified two things 1. no consumer technology 2. no platform from which one could access the list’s of products that were manufactured and shipped out of India, one of the world’s largest manufacturing hubs. Basically, India remained disconnected from the virtual world. 

5. LIMEROAD She wanted to build a platform where one could find gorgeous, affordable lifestyle products in an extremely easy to discover interface. She being a woman, knew that women love the different and out-of-the-box stuff, and that product discovery in lifestyle was indeed a very hard problem to solve. • What made her even more confident was that India back then accounted for more than 21% manufacturing of lifestyle products of world (that’s 21% of a nearly $1 trillion industry). And she wanted to capitalize on this untapped opportunity. Her aim was to simply bring all the vendors who produce high quality affordable products under one roof, via an easy to use interface to enable the discovery. 

6. FUNDINGS & GROWTH & DEVELOPMENT The company has raised a total of whopping $50 Million from Tiger Global, Light speed Venture Partners, Matrix Partners India and a few others. Their most recent funding includes the series C round of $30 Million, before which they had raised $15 Million and $5 Million, in series B & series A respectively. Their revenue model was pretty much simple: they made money when vendors sell i.e. commission revenue (% of sales).  They also went out of their comfort zone to build strong partnerships with a really rich selection of brands and with categories like apparel, accessories, home and food.  They launched with many brands, out of which nearly half were exclusively available with them.. These included national and international mega brands in their flagship form  The platform has grown from — 250,000+ units of unique user generated visual content per month, and 600+ vendors; to posting of 200,000+ unique products and looks per month by the users, and becoming India’s leading discovery platform for lifestyle products with 18 million products.

7. THANK YOU SANDHYA SHREE 1 ST MBA C SECTION KGI