Home services based startup,UrbanClap, launched in 2014 has raised $21 million from Internet investment fund Vy Capital and other in a Series C funding round. Series B investor Bessemer Venture Partners along with early investors SAIF Partners and Accel Partners also participated in this round.
Shares held by employees and a part of stakes of the angel investors and founders of Snapdeal Kunal Bahl and Rohit Bansal were also bought for approximately $1 million by existing investors. UrbanClap had raised Rs. 20 crores in debt from Trifecta Capital in May this year.
UrbanClap is an app based platform launched in 2014, that allows users to hire professionals for in house beauty services, house cleaning and repair, yoga, fitness and other services across eight cities. According to founder Abhiraj Bhal, the latest funds will be used to expand their services to more cities, invest in technologies and add new vendors.
In a statement, Bhal also added the new round of funding will give them the elbow room to invest in core areas of their business and help them cement their market leadership position. They are also launching an effort to train professionals by opening centers in cities where they currently operate.
Including this round, UrbanClap has raised $60 million of capital and hold the leading position in selling home services in satellite towns and metropolitan areas. Currently, they have more than 65,000 registered professionals servicing 300,000 bookings each month with Delhi-NCR, Mumbai and Bengaluru as its top markets.
Other startups operating in the home services area include Zimmber, which was acquired by classifieds firm Quickr, Matrix Partners backed HouseJoy in Bengaluru and Timesaverz in Mumbai.