UrbanClap raises $10 million in Series A funding from SAIF Partners and Accel Partners

UrbanClap, a mobile services marketplace has raised $10 million in funding from its existing investors SAIF Partners and Accel Partners. The company, currently serving Delhi-NCR, Bangalore and Mumbai plans to invest the funds to scale its operations Pan-India, strengthening its technology, and growing its 100 member team to 500 plus.

Started in October 2014 by Abhiraj Bhal (IIM Ahmedabad, IIT Kanpur, BCG), Varun Khaitan (IIT Kanpur, BCG) and Raghav Chandra (early Twitter engineer, UC Berkeley), UrbanClap offers a quality experience of hiring 50 plus services across 5 major categories – Home (Electricians, Plumbers, Cleaners, Interior Designers etc.), Health (Yoga, Fitness Trainers, Nutritionists etc.), Events (Planners, Photographers, Caterers etc.), Lessons (Music, Dance etc.) and other personal services (Salon at home, party make-up etc.).

Earlier this year, UrbanClap had raised a seed round of $ 1.6 million from SAIF Partners, Accel Partners and Kunal Bahl, Rohit Bansal – the founders of Snapdeal.

Commenting on the round, Abhiraj Singh Bhal, co-founder, said, “The problem we are solving, hiring of a trusted local service professional, is extremely broken. The world over, companies have attempted to solve with problems, with limited success. We are committed to solving this problem deeply, and end-to-end, no matter how long it takes. In a short span of a few months since launch, we have seen phenomenal traction from customers. We are currently serving 1500 plus customer requests each day. Additionally, we have a strong, engaged base of 5000 plus suppliers, connected to our merchant app. With the new funding, we plan to grow 10 times on every metric in the quarter.”