Senior Correspondent, IndianRetailer.com & Retailer Magazine Jul 26, 2019 / 4 MIN READ
UrbanClap, the home services marketplace, has raised about Rs 1.5 crore from former Flipkart CPO Mekin Maheshwari and Avaana Capital Founder Anjali Bansal. While Mekin has infused Rs 50 lakh in UrbanClap, Anjali invested Rs 99 lakh through her personal investment fund SAB Holdings.
With this investment, Maheshwari and Bansal join UrbanClap's other angel investors like Tata Sons Chairman Emeritus Ratan Tata and Flipkart CEO Kalyan Krishnamurthy.
Raghav Chandra, Co-Founder of UrbanClap, said, “Technology is key in our mission to empower 1 million micro-entrepreneurs. Mekin played a pivotal role in building technology that accelerated e-commerce adoption in India. We are fortunate to have him onboard as an investor. Anjali’s deep experience working with the boards of public and private organizations will help UrbanClap evolve into a long term sustainable organization.”
Mekin quoted on Twitter, “The mission of enabling economic growth for a massive number of professionals using technology, while creating customer delight is super inspiring. I am happy to be a partner in the UrbanClap journey.”
Founded in 2014, the Gurugram-based firm operates in 10 cities in India (Ahmedabad, Bengaluru, Delhi NCR and others) as well as Dubai and Abu Dhabi.
Bro4u believes in transparency and USP is to connect the nearest trusted service providers in one's locality with an upfront price and an option to compare different service providers based on their ratings and reviews.
The startup will use the recently raised funds to expand to more cities, invest in technology, and add new vendors.
The company will onboard more than 100 engineers in FY 2022, besides hiring various leaders across verticals.
This initiative will enable the consumer to understand the exact issue with an accurate diagnosis and cost estimate, leading to instant resolution, all through a video call.
Copyright © 2009 - 2024 Franchise India Holdings Ltd