While there is a talk of establishing an evergreen trust to manage these affairs, the company has already moved ahead with the board approving the disbursal of the first tranche of stock worth Rs 75 crore over the next 3-4 years.
For its market expansion, the start-up is eyeing growth across 30 cities in the country and globally in the UAE, Australia and Singapore
Priyanka Sahay talks to Varun Khaitan, co-founder of UrbanClap on what the company's expectations are during the festive season and the challenges of working in a gig economy.
Existing investors Steadview Capital and Vy Capital also participated in the round.
The company’s other investors include Accel Partners, SAIF Partners, Bessemer Venture Partners and Ratan Naval Tata.
IKEA operates on a do-it-yourself model, where users assemble their own furniture. In India, however, IKEA is customising for the market and is building assistance for furniture assembly
Urbanclap will competing with existing startups in the segment which include Wedmegood, Shaadisaga and BandBaja.
Given today‘s fast moving life and busy schedules, people often drop the idea of hosting a party at their place. But this time – it won‘t be the same. Thanks to startups, one can now think of hosting a party by tapping few buttons.
"We are not into discounting model but are yet to turn profitable. Expecting in the next two years we will turn profitable," UrbanClap co-founder Varun Khaitan said here today on the sidelines of launch of service in city.
Initially, the company is likely to target markets such as Singapore, Indonesia and Dubai.
Mobile app platforms and brands are leaving no stone unturned to cash in on the festive season. While Ola offered free shuttle services for the devout in New Delhi this Durga Puja, Domino's changed menu to offer only vegetarian pizzas at its outlets.
Biz Wrap: Handset maker Lenovo on June 13 announced the launch of its new smartphone 'Vibe K5' in India, priced at Rs 6,999
Tim Cook, who is accompanied by his team, is taking out time to see all industries and understand their internal workings.
Beauty services at home are increasing in popularity rapidly. UrbanClap, also known to be one of India’s largest services marketplace, happens ...
A mega cricketing tournament involving 11 e-commerce and startup companies including Snapdeal, ...
New enterprises today applauded Prime Minister Narendra Modi's Startup India action plan, saying it will help them gain foothold and encourage more entrepreneurs to start businesses.
Ratan Tata has been on a startup investment spree and the latest add-on to his list is yet another young turk, UrbanClap a professional services marketplace. We caught up with the co-founder, Abhiraj Bhal of UrbanClap to get an inside scoop on the Tata deal.
Operational in six cities -- Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune and Hyderabad -- UrbanClap allows users to book over 80 services, including plumbing, electrical work, beauty, wellness, tutorials and wedding photography.
From a plumber to a home decorator or a photographer, Urbanclap is becoming a single destination to hire professionals for urban lifestyle services.