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Nikesh Parekh's avatarPerson

Nikesh Parekh

CEOSuplari, Inc.

Seattle Area

Member Since November 2020

Skills

Start-Ups
Strategic Partnerships
Strategy

About

• Executive with proven ability in executing growth strategies at private and public technology companies • CEO and Co-Founder of Suplari, an AI-driven insights platform that enables enterprises to realize hard dollar cost savings and effectively manage supplier risk that is today hidden within millions of data points in the enterprise, raised $13.75m from Shasta Ventures, Madrona Ventures, Amplify Partners, Two Sigma Ventures, and Workday Ventures. • Lead Trulia's growth businesses in rentals, mortgage and new construction. Achieved >25% yoy rentals traffic growth with no paid advertising support and the highest consumer satisfaction in rentals category, based on NPS. Evolved display advertising businesses to native advertising and lead generation. Trulia was acquired by Zillow for $2.5Bn in February 2015. • Drove strategy and lead turnaround at leading real estate SaaS sales & marketing & lead generation platform driving 30% annual revenue growth, 10% EBITDA margins, and acquisition of Market Leader Inc. for $380m in August 2013. • Lead the largest social network & blogging platform in the real estate industry to profitability in six months, leading to acquisition of ActiveRain by Market Leader Inc. in October 2011. • Raised $35m in financing in difficult venture market for novel cleantech start-up Bio Architecture Lab in 2009. • Drove product strategy that delivered $87m in revenue growth and $15m in EBITDA growth, resulting in $375m IPO for real estate lead generation company HouseValues in December 2004. • Personally executed seven acquisitions worth $430m and three financings worth $130m

Company details

Suplari, Inc.

Company bio

Suplari is the Spend Analytics and Supplier Management system for modern procurement. that enables finance, procurement and IT teams to proactively optimize financial performance. Suplari enables teams to achieve their financial and strategic goals, by improving productivity, receiving proactive recommendations on optimization opportunities, and focusing on strategic initiatives that are most critical to business partners and overall company success. Suplari leverages AI to connect, monitor and analyze complex data sets, creating meaningful insights that proactively detect opportunities to optimize IT, financial health and business-critical KPIs. Customers gain access to a rapidly growing library of insight applications developed by Suplari’s data scientists, customers, and network partners.

Industry

Technology

Area of focus

SaaS Software
Data Integration
Machine Learning

Company size

11 - 50