UrbanClap gets funds from Ratan Tata

By | December 11, 2015


Tata Sons Chairman Ratan Tata reacts as he speaks during a press conference prior to the launch event of the Tata Nano in Mumbai, India, Monday, March 23, 2009. Tata Motors is launching its snub-nosed, US$2,000 Nano Monday in Mumbai, a vehicle meant to put car ownership within reach of millions of the world's poor. The Nano, starting at about 100,000 rupees (US$1,980), is 10.2 feet (3.1 meters) long, has one windshield wiper, a 623cc rear engine, and a diminutive trunk, according to the company's Web site. (AP Photo/Gautam Singh)

Tata Sons Chairman Ratan Tata reacts as he speaks during a press conference prior to the launch event of the Tata Nano in Mumbai, India, Monday, March 23, 2009. Tata Motors is launching its snub-nosed, US$2,000 Nano Monday in Mumbai, a vehicle meant to put car ownership within reach of millions of the world’s poor. The Nano, starting at about 100,000 rupees (US$1,980), is 10.2 feet (3.1 meters) long, has one windshield wiper, a 623cc rear engine, and a diminutive trunk, according to the company’s Web site. (AP Photo/Gautam Singh)

Gurgaon based service portal, UrbanClap has grabbed unspecified amount from Tata Sons, Ratan Tata from his personal capacity. This comes after, UrbanClap had raised $25 Million from Bessemer Venture, SAIF and Accel Partners in a Series B round of funding last month.



UrbanClap was founded by Varun Khaitan, Abhiraj Bhal and Raghav Chandra in October 2014. It is platform that allows users to find various trusted service providers like yoga trainers, wedding photographers, beauticians, Music teachers, interior designers, plumbers, electricians and pest controls among others.



As of now, the startup offers services in more than 80 categories and provides its services in six Indian cities that include Bengaluru, Chennai, Pune, Delhi-NCR and Hyderabad. It is planning to expand its services to more than 25 cities in next one year. According to the company, it provides services to approx 5,000 people every day and has more than 25,000 professionals on its platform.

Ratan Tata has been investing in several startups in India. As of now, he had already invested in more than a dozen startups including Ola, Snapdeal, CarDekho, Urban Ladder and others. He is also an investor in Chinese smartphone maker Xiaomi.



Currently, UrbanClap is facing competition from LocalOye, HouseJoy, Taskbob, UrbanPro, TheMakeroverz, Doormint and others. LocalOye had also raised $5 Million from Tiger Global Managmnet and Lightspeed Venture in April this year. HouseJoe had also raised $4 Million from Matrix Partners in June this year. Many investors are investing in this sector.