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UrbanClap raises $10 million in funding from existing investors

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Mobile services marketplace UrbanClap has raised $10 million in a round of funding from existing investors Accel Partners and SAIF, reports ETtech. The company will use the funding 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 Rs 10 crore from SAIF Partners, Accel Partners and Kunal Bahl and Rohit Bansal of Snapdeal, in April this year.

Earlier this month, Urbanclap started its operations in Mumbai and said that it will be branching out to 10 more cities and expand its team from 50 to about 250 in the next six months.

Founded in October last year by Varun Khaitan, Raghav Chandra and Abhiraj Bhal, UrbanClap is currently available to users in Mumbai, Bangalore and Delhi-NCR where it claims to provide professionals for over 50 services, including plumbing, wedding photography, music lessons, yoga classes and interior designing. As of now the services are available only through the Android app.

For home services like carpenters, home cleaners and electricians etc, bookings can be made through the app itself, and the company will choose and send a relevant personnel, while for other services like makeup artists, nutritionists etc, users need to answer a few questions before being connected to a professional. Note that UrbanClap offers separate apps for service professionals which can be used to register as a professional as well.

Payments for the platform can be made through Paytm. According to UrbanClap, it verifies all the professionals it lists with background checks and police verification. As of now, the company claims to have over 6,000 seller registrations and 60,000 app downloads in the last two months.

Competition:

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– In April, services marketplace LocalOye raised $5 million in a Series A round of funding from Lightspeed Venture Partners and Tiger Global Management. The startup said it would use the funds for scaling its business to other cities including Bangalore, Delhi NCR and Noida and to expand to more service categories.

– The same month, Mumbai-based on-demand home and services startup TaskBob raised $1.2 million in funding led by Orios Venture Partners and with participation from Mayfield Fund. The startup said it would use the funds to expand to other parts of Mumbai.

– In January this year, Gurgaon-based Near.in raised Rs 1.8 crore from a series of individual investors including Manish Vij of SVG Media and Anupam Mittal of Shaadi.com. The platform which was launched by Wirkle co-founder Sunil Goyal, Lomesh Dutta & Akshay Khanna the month before, offers service providers across various categories like Home Needs (home services, architects & interior designers) Health & Wellness (dieticians, physiotherapists and zumba classes) and Events (photographers, makeup artists, tattoo artists, event planners).

– JustDial’s Search Plus suite of services, which launched in 2013, offers services like flower delivery, doctor appointment, laundry pickup, grocery shopping and pharmacy supplies among others.

– Zimmber, which recently raised funding, also provides an online home service booking platform, for things like electric glitches, installation of A/Cs and fixing a tap leak etc. Similarly there are several services marketplaces in India focused on particular verticals, like event management solutions marketplace Explara, relocation service providers marketplace RelocateXP & EZMove, and home services marketplace Timesaverz, among others.

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