Startup UrbanClap India’s leading marketplace for home services raises $75M funding
On Aug 2, 2019, UrbanClap in Series- E funding round completed $75M funding from 3 investors, led by Tiger Global Management.
UrbanClap was also raised $50M on Nov 30, 2018 by series D funding round with valuation of around $445 million led by Steadview Capital and within the 8 month Startup raised the fund with valuation of 900 million. Valuation doubled within 8 month.
UrbanClap has raised a total of $185.9M in funding over 9 rounds.
The platform helps customers book reliable home services — from beauty services to fitness training, appliance repair to plumbing, etc. Since its inception in 2014, UrbanClap has built a network of 25,000+ trained service professionals and served millions of customers across major metropolitan cities of India and Dubai.
UrbanClap will recognise your Geolocation; provide listed best option as your need.
- Industry: Information Technology and Services
- Company size: 501–1,000 employees
- Founders: Abhiraj Singh Bhal, Bike Doctor, Raghav Chandra, Varun Khaitan
- Headquarters: Gurgaon, Harayana
- Founded: 2014
You can choose and book from 100+ services and track them on the go with the UrbanClap App and on the website.
The company claimed that they served 3 million customers, with 100,000 verified experts. The company is providing services in metro cities like Delhi NCR, Hyderabad, Kolkata, Mumbai, Pune, Ahmedabad, Bangalore, Chennai, Chandigarh Tricity, Jaipur, also in Dubai and Abu Dhabi.
Startup UrbanClap applies machine learning and Artificial Intelligence technologies to match time slots, skills, and inventory to finally show the availability to the user.
Startup UrbanClap using algorithms to make decisions on customer’s wants and schedule the service time and help service providers to fulfill the service on time itself.
Startups has basic business model related direct customer need, both service provider and customer are retailers and company providing technology platform to collaborate them.
They served over 300,000 customers a month in over 80 unique categories, in 300 hubs within 10 cities in India.