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2015-04-23

Hyper local marketplace FindYahan raises second round of fund from The Phoenix Fund

Funds raised will be used to further grow the team and strengthen operations and technology for enhancing customer service and experience.

FindYahan, a hyper local marketplace for services has raised its second round of funding from The Phoenix Fund. Funds raised will be used to further grow the team and strengthen operations and technology for enhancing customer service and experience.

“We have a simple and intuitive Request Submission Process where we ask a few quick questions about the service he is looking for and the budget he is comfortable with. The unique feature of our app is the messaging module. You can chose not to get any calls at all and talk to your service providers via chat feature in our app. In our next version we are also coming up with trial booking & appointment booking feature also,” said, Co-Founder & CEO, Rachit Mathur.

FindYahan, promoted by Rachit Mathur and Snehil Khanor, currently operates in Delhi or NCR and has over 1,00,000 users, over 4,000 supplies and 50,000 plus downloads on the Google Play Store.

The Phoenix Fund, a multi-asset class fund, is coming in as a sole Investor in this round of funding for FindYahan. Other e-commerce investments made by The Phoenix Fund include Hopscotch.in (2012), Overcart.com (2014), Net2travel (1999) to name a few.

“We are very excited to back the excellent promoters Rachit Mathur and Snehil Khanor and their team in this e-commerce segment which addresses a very real and ubiquitous customer need of finding a good service provider for various services in a micro market. FindYahan not only connects the customer and the service provider but also tracks the customer experience and feedback,” said, Amit Khanna, The Phoenix Fund.

“The biggest reward for an entrepreneur is when consumers start using and appreciating your product. In the last 3 months we have trippled the amount of request we fulfill a day. With the latest funds coming in our core focus is further improving our product and consumer experience.  We are very happy that Amit and the Phoenix Team liked what we are building and wanted to back us in our journey of disrupting the service market in India,” said Mathur.

FindYahan had earlier raised a seed round led by Karan Bajwa-MD Microsoft India, Sunjay Kapur- MD Sona Koyo Steering, Amanpreet Bajaj - India Head Airbnb.com and Parvesh Kumar- MD Helios Packaging Pvt Ltd.

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