UrbanClap Secures $10mn from SAIF and Accel Partners

Mobile services marketplace, UrbanClap has raised $10mn from SAIF Partners and Accel Partners. Urbanclap offers 50 services on its platform has around 5000 seller registrations.

Who: Mobile services marketplace, UrbanClapurbanClap

How Much : $10mn

From: SAIF Partners and Accel Partners .

Round: Series A

UrbanClap earlier raised $1.6 mn (~10 crores) from SAIF, Accel and Snapdeal founders.

“Local services are a very big market and pain point for the India consumer. There is high level of non-standardisation of service quality, pricing and supplier base. The market is ripe for disruption, both from a discovery and consumption of services perspective.” [Mukul Singhal, principal at SAIF Partners]

– Read : How Justdial is getting unbundled

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