Moneycontrol
Nov 10, 2017 04:05 PM IST | Source: Moneycontrol.com

Wedding market : UrbanClap launches services to plan a 'shaadi' in India

Urbanclap will competing with existing startups in the segment which include Wedmegood, Shaadisaga and BandBaja.

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In order to capture the burgeoning wedding services market, UrbanClap on Friday launched services in domains of home improvement and wedding planning in India.

The services are aimed at people who are building/renovating their homes or are planning a wedding.

During 2010-2015, the Indian wedding planning market grew at CAGR of 9.9 percent.

Urbanclap will competing with existing startups in the segment which include Wedmegood, Shaadisaga, BandBaja, Shaadimagic.com, and The Wedding Brigade.

“We are glad that with our new portals we will be able to simplify these, otherwise complicated, decisions. Users will be able to visualize, get ideas, read advice, besides discovering hand-picked service professionals,” said Abhiraj Bhal, cofounder of UrbanClap.

Users can browse through weddings and home improvements projects and book the services.

He added, “Both, home improvement and wedding planning, are key verticals for us and already contribute about 20 percent to our overall revenue. We have made a significant investment in the technology, developing and curating the content.”

While announcing the company's three years anniversary, Bhal said, "We started with basic home services and never really promoted interior designers and wedding planners on the platform"

India’s Wedding Planning market is expected to reach Rs 1.6 trillion by 2020- Ken Research

He added, "These two markets are huge and unorganized people spend a lot of money for these services. We will continue to improve it and add more services on the portals. "

While talking about its competitors he said, "We are never worried about the competition. But there are very small companies in the wedding market.  We are going to build these portals huge and organize it by investing in it," Bhal said.
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