Company Name : Timesaverz
Funding Amount : 15 crores
Investor(s) Unilazer & Ronnie Screwwala
Funding Round : Series A
Timesaverz, Mumbai based on-demand home services marketplace model has raised Series A funding of Rs. 15 crore from Ronnie Screwvala’s Unilazer Ventures.
The investment comes on the back of the high potential that investors see in the online home services space in India. The company, which helps users hire locally-verified and curated service providers through the push of a button, will allocate the raised capital to support its expansion into new markets and services.
Founded by Debadutta Upadhyaya and Lovnish Bhatia, Timesaverz has been extending its service portfolio over the past few months to a number of cities and now operates in 5 key metros, growing at 100% QoQ.
“On-demand home services comprise the new frontier of e-commerce where service is now a product. Large companies are going to be created in this space and we will work closely with the founders to make Timesaverz a leader in an existing 5 billion dollar industry with immense growth potential. Our decision to back the company was driven by the operational efficiency demonstrated by an experienced team and the social impact it has created among the unorganized but skilled service partners.” Ronnie Screwvala