Mobile services marketplace UrbanClap today said it has raised USD 10 million in funding from the existing investors SAIF Partners and Accel Partners.
The company -- which currently has services in Delhi-NCR, Bangalore and Mumbai -- will invest funds to scale its operations pan-India, strengthen technology and grow its employee base to over 500, it said in a statement.
Earlier this year, UrbanClap had raised a seed round of about Rs 10 crore from SAIF Partners, Accel Partners and Kunal Bahl, Rohit Bansal - the founders of Snapdeal.
Founded in October 2014, UrbanClap helps find professionals across areas such as plumbing, wedding photography, yoga teachers, electricians and interior designers.
"In a short span of a few months since the launch, we have seen phenomenal traction from customers. We are currently serving 1,000+ customer requests each day. Additionally, we have a strong, engaged base of 5,000+ suppliers, connected to our merchant app. With the new funding, we plan to grow 10 times on every metric in the quarter," UrbanClap co-founder Abhiraj Singh Bhal said.
SAIF Partners Mukul Singhal said local services is a very big market and pain point for the India consumer.
"The market is ripe for disruption, both from a discovery and consumption of services perspective. And, we think that UrbanClap team has done a phenomenal job in executing so far," Singhal said.
"We believe that their smartphone-based approach, high quality team and sharp focus on customer experience will differentiate them," Accel India Abhinav Chaturvedi said.
