Services marketplace UrbanClap has raised Rs 165 crore (~ $25 million) in funding led by Bessemer Venture Partners, with participation from existing investors Accel Partners and SAIF. It plans to use the funding for geographical and category expansion: 25 cities and 100 categories over the next one year, double its employee size from the current 300 to 600 and acquire other companies. In a year, it aims to have 100,000 professionals listed on its platform and serve 100,000 customers every day. Previous funding: In June, the company raised $10 million in a round of funding from existing investors Accel Partners and SAIF, for scaling its platform, hiring and to expand to at least 15 cities by the end of the year. The Gurgaon-based company previously raised seed funding of around $1.5 million (Rs 10 crore) from SAIF Partners, Accel Partners and Kunal Bahl and Rohit Bansal of Snapdeal, in April this year. In the same month, Urbanclap started its operations in Mumbai and said that it would be branching out to 10 more cities and expand its team from 50 to about 250 in the next six months. At that time, users could only use its services through the Android app, but now the company seems to have launched an iOS app, and its services are also available on the web. UrbanClap claims to serve 5,000 customer requests daily, and has a seller base of over 20,000 professionals. It is currently operational in Bangalore, Mumbai, Chennai, Pune and Delhi NCR and…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...