Househelp aggregator BookMyBai.com raises Rs 1 cr from 50K Ventures

Househelp aggregator BookMyBai.com has raised Rs 1 crore in its first round of funding from 50K Ventures, a Hyderabad-based investment platform, to back technology startups at the idea and early-stage of their lifecycles.

"The funding will be used for expansion of the team and demography. We plan to start operations in Hyderabad, Bengaluru, Delhi and Kolkata, besides strengthening our team to 25 members in the next 12 months,," BookMyBai co-founder Anupam Sinhal said in a statement.

Incepted in Mumbai by Sinhal and Vickash Chowdhury, BookMyBai.com has started its operations in May 2015. Currently, it has 10,000 verified househelp in four categories - maids, baby sitter/nanny, cooks and caretakers - across Mumbai, Pune, Ahmedabad and Surat for permanent part-time maids and pan-India for permanent full-time maids.

The househelp aggregator offers employers pre-recorded interview videos of the househelp, besides offering PF, ESIC and medical insurance to the domestic help that are on its payroll.

"We are in conversation with a couple of venture capital firms to raise funds in a Series-A round in the next couple of months," Sinhal said, adding that BookMyBai.com was expecting to close the current financial year with revenues of Rs 2 crore and increase this to Rs 25 crore by the end of FY17.