Who: Mobile services marketplace, UrbanClap
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]
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Ashish Sinha