Mobile services marketplace UrbanClap raises Rs10 crore
The mobile services company was launched in October 2014 by two IITians and a former Twitter Inc. engineer
New Delhi: Urbanclap.com, the mobile services marketplace run by UrbanClap Technologies India Pvt. Ltd, on Thursday said it has raised ₹ 10 crore in funding from private equity firm SAIF Partners, venture capitalist firm Accel Partners and the founders of Snapdeal.com, Kunal Bahl and Rohit Bansal.
The company, which at present serves in Delhi-NCR, plans to invest the funds in strengthening its technology and team, while scaling the platform to more service categories and cities, the company said.
The company was launched in October 2014 by two IITians Varun Khaitan and Abhiraj Bhal along with a former Twitter Inc. engineer Raghav Chandra.
UrbanClap provides a platform to find and hire services providers including plumbers, wedding photographers, yoga teachers and interior designers.
“We have a deep understanding of the local services problem on both the customer and professional side," said Chandra, co-founder, UrbanClap. “Our smartphone based matchmaking solution is very elegant and helps you find the right professionals with no effort at all."
He further added that platform is already “making thousands of successful connections every week" and “with the backing of the investors," the company expects to scale the platform across hundreds of services and multiple cities.
“Being early investors in product ecommerce in India, we believe in the power of a marketplace for services," said Subrata Mitra, Partner, Accel India."Meeting the UrbanClap team, we realized how the problem of local services is elegantly solved with smartphone based reverse auction/booking solution as opposed to a classifieds list."
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