Tata Sons Ratan Tata Invests In Services Marketplace UrbanClap

Delhi-based UrbanClap Technologies India Pvt Ltd, which operates mobile services marketplace, under the UrbanClap brand, has raised an undisclosed amount of funding from Tata Sons Chairman Emeritus Ratan Tata.
 
The company plans to use the funds towards strengthening its business and expanding operations across India. Recently, it had raised about R165 Cr ($25 Mn) in Series B round led by Bessemer Venture Partners.
 
Founded by Varun Khaitan (IIT Kanpur, BCG), Abhiraj Bhal (IIM Ahmedabad, IIT Kanpur, BCG) and Raghav Chandra (early Twitter engineer, UC Berkeley), UrbanClap helps to find and hire services. It is a mobile platform for customers to find professionals for their personal activities or needs. Its services are available on the web as well as on Android OS.
 
Currently, it is operational in Delhi NCR, Bangalore, Mumbai, Chennai and Pune and is aiming to extend its services in 25 other cities and 100+ categories in next one year. The company claims to serve 5000 customer requests per day and have built a base of 25,000+ service professionals.
 
Other players operating in similar space includes GoodService, Housejoy, Localoye, Zimmber, Taskbob, UrbanPro, Findyahan, Qyk and Timesaverz.
 

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