UrbanClap, touted to be one of the largest online services provider, had a humble story and a simple background. Started by three people (Abhiraj Bahl, Raghav Chandra and Varun Khaitan,) with the vision of changing the way people shopped for services online, UrbanClap was the trios second attempt at starting a business.
The beginning
The first venture Raghav and Khaitan worked on together was Cinemabox, an on demand movie streaming platform which provided entertainment for long distance buses, trains and planes, while Bahl was working on a startup of his own. However, although both had ideas which were unique and one of a kind when they were launched, not a lot of people took a liking to it and very soon, the three founders realised all their hard work had gone to naught.
It was around this time that the two were introduced to Abhiraj Bahl, a man with similar vision and a dream to think big. The three of them came together with a single mission to create something extraordinary and by pooling in a grand total of Rs. 10 lakhs, the three founders started UrbanClap.
The founding story
The trio realised there was a gap between the way people found services and in the way people connected with the service providers. Using their personal experiences and realising that even in 2014, people had a difficulty in finding services they really needed. UrbanClap, as a company was formed by realising this need and by essentially turning the Yellow Pages format into an online platform.
Initially started as a platform which was merely based on searching and discovering, UrbanClap evolved through the years to become a business model which on boards people providing specific services, trains them and ensures quality control is maintained no matter what. Further, this service was also used to standardize payments for the user and helped them request for services either through the spa or through the online app.
Within six months of creating the service, the three founders raised a series of funding from different people and by 2015, the startup had raised more than a million dollars. UrbanClap earns its revenue by taking a certain amount of money in the form of commission, a barter which helps it grow and sustain the model. With a business model like this, it comes as no surprise that the founders don’t want an IPO in the near future. However, the coming years definitely look promising for this particular startup. If you think we missed out on any thing else about this unique startup, comment and let us know!
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