UrbanClap raises USD 10 mn from existing investors

By GizBot Bureau

Mobile services marketplace UrbanClap today said it has raised USD 10 million in funding from the existing investors SAIF Partners and Accel Partners. The company -- which currently has services in Delhi-NCR, Bangalore and Mumbai -- will invest funds to scale its operations pan-India, strengthen technology and grow its employee base to over 500, it said in a statement.

UrbanClap raises USD 10 mn from existing investors

Earlier this year, UrbanClap had raised a seed round of about Rs 10 crore from SAIF Partners, Accel Partners and Kunal Bahl, Rohit Bansal – the founders of Snapdeal. Founded in October 2014, UrbanClap helps find professionals across areas such as plumbing, wedding photography, yoga teachers, electricians and interior designers.

"In a short span of a few months since the launch, we have seen phenomenal traction from customers. We are currently serving 1,000+ customer requests each day. Additionally, we have a strong, engaged base of 5,000+ suppliers, connected to our merchant app.

SEE ALSO: Top 10 smartphones to be bought on Easy EMI in India

With the new funding, we plan to grow 10 times on every metric in the quarter," UrbanClap co-founder Abhiraj Singh Bhal said. SAIF Partners Mukul Singhal said local services is a very big market and pain point for the India consumer.

"The market is ripe for disruption, both from a discovery and consumption of services perspective. And, we think that UrbanClap team has done a phenomenal job in executing so far," Singhal said.

"We believe that their smartphone-based approach, high quality team and sharp focus on customer experience will differentiate them," Accel India Abhinav Chaturvedi said.

Source: PTI

Most Read Articles
301 Moved Permanently

301 Moved Permanently


Read More About: telecom mobile phones

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more