Suchita Salwan, Founder & CEO Little Black Book – a local discovery & recommendations platform – has been awarded the Young Women Business Award at the 16th edition of CNBC Young Turks Conclave 2017, held at hotel Andaz, Aerocity New Delhi. An extension of the CNBC Young Turks, one of India’s longest running shows on entrepreneurship, the Young Turks Conclave is a platform that commemorates entrepreneurs who have had the courage and tenacity to think different, to think big and challenge the status quo.
Little Black Book/LBB is a local recommendations and discoveries platform for places, services & events. Launched in 2012 by Suchita Salwan & Dhruv Mathur, LBB curates recommendations across categories, providing unique local discoveries in innovative formats. An evolution from existing listing-based models, LBB uses community driven recommendations as a medium to drive an engaged audience of millennials to local enterprises, places and experiences.
On being awarded, Suchita Salwan, CEO and Founder, Little Black Book said, “It feels great to be recognized for all the hard work put in by my colleagues and me over the past few years. We started LBB with the purpose of solving a large-scale problem faced by both consumers and local businesses; and though we have miles to go before we sleep, being validated by Young Turks is very exciting.”
The other awardees included the likes of Aditi Balbir, Founder & CEO at V Resorts; Mausmi Ambastha, Founder & COO at Threadsol; Priya Krishnan, Founder & CEO at Klay; Upasana Taku, Cofounder at Mobikwik.
LBB currently reaches out to over 2 million users every month across 6 markets in India through its web and app platform, offering over 30,000 choices for places, services and events. Every day, over 200,000 users make local recommendations and discoveries through LBB. Have more than 180,000 thousand app downloads on Google Play store & app store with a 4.6-star rating. Users can search for and post about their discoveries across 15 categories on LBB. The platform has grown over 1000% with respect to user-reach, and over 800% with respect to revenue-growth in the last 18 months.
LBB, till date, has raised close to ~INR 10 crores till date from prolific angels such as Rajan Anandan of Google India, Sachin Bhatia of TrulyMadly & MakeMyTrip.com, and powerhouse VCs and communities such as IDG Ventures India & Indian Angel Network (IAN).