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2015-04-10

Mobile marketplace for local services Qyk raises angel funding from Topper, Delhivery's founders

Qyk was founded just four months ago with a vision to build a hyper local solution for customers.

Qyk, mobile marketplace for finding local services has raised angel funding from a group of angel investors including early investors of Ola, Housing and Delhivery.

Investors include Zishaan Hayath (co-founder of Toppr and Powai Lake Ventures), Abhishek Goyal (CEO and co-founder of Tracxn.com, ex-Accel Partners) and Sahil Barua (CEO and co-founder of Delhivery).

“Qyk is a unique mobile platform which enables customers to hire trustworthy service providers and professionals near their area. This includes service providers other than ‘home services’. Finding a reliable and competent local service provider specific to one’s requirements is difficult and time consuming. Qyk offers the customer, options tailored to his personalized needs by enabling comparisons and competitive quotes. This enables them to make a well informed choice,” said the official release.

Qyk was founded just four months ago with a vision to build a hyper local solution for customers. The team comprises alumnus of IIT Bombay and IIT Kharagpur - Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal and Anubhav Sahoo who come with past experience of working with companies like Ola, Inmobi, Practo and Deutsche Bank.

Zishaan Hayath, early investor in Housing and Ola, affirms the potential of Qyk stating, “Local services solutions market is ready to be disrupted and this is a team who has the vision and skill-set to do it. We need a mobile solution like Qyk to help businesses grow and enable customers to find the right service providers”.

Abhishek Goyal, early investor in Delhivery, says, “Qyk is a great idea that helps us find local services that are more professional in nature. There are two large plays in local services, one is on-demand and the other is reverse auction. Reverse-auction business model is largely a technology play. Team Qyk’s approach of solving this problem via a mobile first product and their extensive experience in technology gives them a very big advantage to be the market leader.”

Deepak Singhal, Co-founder & CEO, Qyk, says, “Hiring a local service provider in India is a big challenge and we feel that the timing is perfect to build a mobile first solution given the rapidly increasing smartphone penetration."

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