#Asia Ratan Tata funds Indian local services marketplace UrbanClap


Last month, UrbanClap raised US$25 million in Series B funding from Bessemer, SAIF and Accel Partners

UrbanClap Founders (L-R) Varun Khaitan, Raghav Chandra and Abhiraj Bhal

UrbanClap Founders (L-R) Varun Khaitan, Raghav Chandra and Abhiraj Bhal

India-based online marketplace for local services UrbanClap has.received an undisclosed sum in investment from business tycoon Ratan Tata.

This comes barley three weeks after the Gurgaon-headquartered startup raised US$25 million in Series B round of funding, led by Bessemer Venture Partners, with participation from SAIF Partners and Accel Partners.

Started in October 2014 by Varun Khaitan, Abhiraj Bhal and Raghav Chandra, UrbanClap enables users to find and hire trusted service providers like plumbers, beauticians, yoga trainers and wedding photographers.

Also Read: Ratan Tata invests in Singapore’s Big Data startup Crayon Data

The platform currently lists services across more than 80 categories. The company is operational in six cities – Delhi-NCR, Bangalore, Mumbai, Chennai, Pune and Hyderabad — and plans to expand its presence to over 25 cities and offer over 100 services over the next year.

UrBanClap claims to serve 5,000 customer requests a day, and has built a base of more than 25,000 service professionals.

Tata, an industrialist-turned-serial investor, has actively been investing in a range of startups in India. Till date, he has invested in over a dozen startups that include Ola, Snapdeal, Urban Ladder, CarDekho, Bluestone, Crayon Data. He is also an investor in Chinese smartphone giant Xiaomi.

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