UrbanClap, India’s largest services marketplace, has raised a Series B round of funding of $25 million. The round is led by Bessemer Venture Partners, with participation from existing investors Saif and Accel Partners. Earlier this year, UrbanClap had raised $12 million across two rounds from Saif and Accel Partners.
UrbanClap is a one stop destination for trusted services. Whether you are looking for a plumber, a beautician, a yoga trainer or a wedding photographer, UrbanClap helps you hire these services with the click of a button. All you have to do is give your requirements within seconds on the UrbanClap app or website, and the platform will bring these professionals to you.
Commenting on the latest round up, Abhiraj Bhal, Co-founder, UrbanClap said “UrbanClap is redefining how services are hired and consumed in India. Today, we serve 5000 customer requests per day, and have built a base of 20,000+ service professionals who together represent the gold standard for trusted services in India.”
“Every month, UrbanClap sends them business worth USD 200 million annually from small carpentry jobs worth Rs. 200 to large interior designing assignments worth several lakhs. This is a winner take all market and there is no place for second best,” he added.
We will use these funds to further strengthen our leadership position in the space and expand across all major cities in India. By the same time next year, we are aiming to have over 100,000 professionals on the platform and serve over 100,000 customers every day. UrbanClap will become synonymous with the word services for urban customers and professionals across the country.
Vishal Gupta, MD, Bessemer Venture Partners said, “The UrbanClap founders have built a great team, which is executing very aggressively. They are building a service India needs. Further, they are amongst the most frugal and capital efficient companies we have met, with strong long term focus. We look forward to partnering with them and creating a large business.”