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<ul><li><keyword id="2811049" type="PERSON" weightage="20" keywordseo="UrbanClap">UrbanClap</keyword> has reportedly raised ₹1.6 crore from <keyword id="6379357" type="PERSON" weightage="20" keywordseo="kalyan-krishnamurthy">Kalyan Krishnamurthy</keyword>. </li><li>This is Kalyan’s second personal <keyword id="6355120" type="UNKNOWN" weightage="20" keywordseo="investment">investment</keyword>, while the first one was B2B <keyword id="138263" type="PERSON" weightage="20" keywordseo="startup">startup</keyword> Moglix. </li><li>The home services startup includes Ratan Tata, SAIF Partners, Accel Partners among others in its list of existing investors. </li></ul>Gurgaon-based home services startup UrbanClap has raised ₹1.6 crore from <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> CEO Kalyan Krishnamurthy, according to <a href="https://www.business-standard.com/article/companies/after-moglix-flipkart-ceo-kalyan-krishnamurthy-bets-big-on-urbanclap-119040900054_1.html">paper.vc,</a> a business intelligence firm. The Gurgaon-based home services startup UrbanClap has a list of existing marquee investors like SAIF Partners, Ratan Tata, Accel Partners and Bessemer Venture Partners. Prior to this investment, the startup had raised funding of $50 million in a Series D round from Steadview Capital Management and existing investor Vy Capital in November 2018. UrbanClap had also recently <a href="https://bestmediainfo.com/2019/03/urbanclap-unveils-new-campaign-with-ayushmann-khurrana-as-brand-ambassador/">announced</a> that Bollywood star Ayushmann Khurrana is its brand ambassador. The startup, which was founded in 2014, offers services at home for its customers. In almost five years in the business, the startup has garnered more than 35,000 trusted and verified professionals on the platform that serve more than 500,000 customers each month, across 10 cities in India (including Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Pune). The startup also made its international debut by expanding its offerings into Dubai. Meanwhile, Flipkart CEO Kalyan Krishnamurthy has been upping his investment game. He made his first solo investment in the B2B startup Moglix. The investment amount remains undisclosed. Kalyan during his earlier stint as Managing Director at investment firm Tiger Global had made investments in Nestaway, Curefit etc. See Also: <a href="https://www.businessinsider.in/here-are-the-25-most-popular-workplaces-in-india-according-to-linkedin/articleshow/68704338.cms">Here are the 25 most popular workplaces in India, according to LinkedIn</a> <a href="https://www.businessinsider.in/large-ticket-deals-drive-rise-in-private-equity-investments-in-india-this-year/articleshow/68296615.cms">Large ticket deals drive rise in private equity investments in India this year</a>

Flipkart CEO Kalyan Krishnamurthy places his bets on home services startup UrbanClap

<ul><li>Gurugram-based home services startup <keyword id="2811049" type="PERSON" weightage="20" keywordseo="UrbanClap">Urbanclap</keyword> has signed an MoU with <keyword id="161653" type="COMPANY" weightage="20" keywordseo="National-Skill-Development-Corporation">National Skill Development Corporation</keyword> on World Skills Day.</li><li>With the partnership, Urbanclap will train 30,000 professionals and aims to create 1 million micro-entrepreneurs.</li><li>NSDC will help Urbanclap be a Skill India certified company.</li></ul>Indian home services startup Urbanclap has partnered with National Skill Development Corporation (NSDC) on World Skills Day. Under the signed Memorandum of Understanding, NSDC will help Urbanclap become a 100% Skill India certified company. The startup meanwhile promises to create micro-entrepreneurial opportunities under the Pradhan Mantri Kaushal Vikas Yojana and will train 30,000 partners over the next year. “UrbanClap is committed to the vision of creating 1 million plus successful micro-entrepreneurs for India and contribute to the Skill India mission. Our association with NSDC will give this mission a boost and will enhance our capabilities in on-boarding and training new service partners,” said Abhiraj Singh Bhal, Co- founder, UrbanClap. NSDC falls under the Ministry of Skill Development and Entrepreneurship and supports the skilling and upskilling of working professionals in the country. "As our cities grow smarter, the demand for professional services will increase further. This presents a huge opportunity for skilled workforce at all levels. Platforms like UrbanClap are a great example of e-market place which can support sustainable livelihood," said Manish Kumar, MD &amp; CEO, NSDC. Urbanclap has over 20,000 professionals in its network with over 6 lakh users. It claims that professionals like electricians, beauticians and carpenters earn better on their platform. “We told them you keep 80% of the earnings, Urbanclap keeps 20%. Overnight their earnings went up. Today, every other service professional through Urbanclap earns makes an average of ₹40,000 per month. Hundreds of our beauticians make more than ₹1 lakh a month,” co-founder Varun Khaitan had told Business Insider. UrbanClap recently raised ₹16 million from Flipkart CEO Kalyan Krishnamurthy, according to paper.vc, a business intelligence firm. It has marquee investors like Ratan Tata, SAIF Partners, Accel Partners and Bessemer Venture Partners on board, and raised a total funding of $110 million. Recently, Urbanclap <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/urbanclap-revenue-up-309-losses-down-25-in-fy18/articleshow/64008938.cms?from=mdr">reported </a>a 309% jump in its operational revenue to ₹450 million for 2017-18. The losses however were at ₹750 million. See Also: <a href="https://www.businessinsider.in/urban-clap-founder-reveals-new-business-plans/articleshow/69951901.cms">INTERVIEW: Urbanclap claims it can turn profitable in 3 months but it won’t – here’s why</a>

Urbanclap to become Skill India certified, will create a million micro-entrepreneurs in the country

<keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword>, Chairman Emeritus of <keyword id="46894" type="PERSON" weightage="100" keywordseo="Tata-Sons">Tata Sons</keyword>, has recently invested an undisclosed amount in <keyword id="2779670" type="UNKNOWN" weightage="100" keywordseo="Tracxn">Tracxn</keyword>, the Bengaluru-based startup intelligence platform. 
 
With this development,Tracxn has joined the list of almost two dozen startups and tech companies that Tata has backed in the past two years, including Snapdeal, Ola Cabs, Paytm, Urbanladder, Xiaomi, UrbanClap and DogSpot. 
 
He is also involved with venture capital firms like Kalaari Capital, IDG Ventures India and Jungle Ventures in the capacity of an advisor. 
Talking of Tracxn, it has raised angel funding from Flipkart's co-founders Sachin and Binny Bansal, Delhivery's CEO Sahil Barua and $3.5 million in series-A funding from SAIF Partners. 
 
The company was founded in 2013 by former venture capital investors Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), and tracks over 100 sectors including enterprise infrastructure, enterprise applications, technology, consumer, mobile, digital marketing, health, education. 
 <keyword id="2928014" type="UNKNOWN" weightage="100" keywordseo="Tracxn-Labs">Tracxn Labs</keyword>, an angel invest fund, and <keyword id="3401467" type="UNKNOWN" weightage="100" keywordseo="Tracxn-Syndicate">Tracxn Syndicate</keyword>, an angel investment group are also run by Tracxn, putting it in competition with Let's Venture, which is another fundraising platform that has been backed by Tata. 
 
In its clientele, Tracxn boasts of venture capital funds, private equity firms and corporate development teams who use the services provided by the company it to spot investment, merger and strategic partnership opportunities in different sectors. Some of these names include Andreessen Horowitz, Sequoia, SoftBank, Google Capital, VMWare, GE and LG. 
 
In the past one year, Tracxn has increased its number of analysts assigned to exclusively tracking startups from 25 to 125. The client base has also seen a 400% increase to over 300 customers across 20 countries in the past 12 months. 
 
"Ratan Tata is a trusted household name &amp; his way of building things has played a critical role in how our thoughts shaped up in early days of our lives," Goyal told ET. "As we rapidly expand across geographies, his unconventional ways of building large companies with high diversity will be very useful," he continued. 
 
<a href="http://www.in.techradar.com/photo/47922351.cms">Image source</a>

Ratan Tata just invested in this startup intelligence platform!

<ul><li>Gurugram-based home services startup <keyword id="2811049" type="PERSON" weightage="20" keywordseo="UrbanClap">Urbanclap</keyword> plans to launch in 4 Indian cities in the next quarter. </li><li>The startup recently announced its plan to expand to Abu Dhabi.</li><li>Two new services – men’s grooming and on-demand maid for cleaning – which are currently live in Delhi will soon be launched across India. </li></ul>Urbanclap was a small startup based out of Gurugram in 2014, offering home services digitally. Today, it has operations across 10 cities in India, Dubai and Abu Dhabi. It recently announced its Abu Dhabi expansion, and plans to grow its UAE business twice over, on a monthly basis. What’s more, the company has plans to become a ₹100 billion company! In an interview with Business Insider, <keyword id="3012564" type="PERSON" weightage="20" keywordseo="Varun-Khaitan">Varun Khaitan</keyword>, co-founder, Urbanclap said that there are many plans in store for their India business as well. Urbanclap will soon launch in four more cities by the next quarter. Two new services – men’s grooming and on-demand maid for cleaning – which are currently live in Delhi will be launched across India. “Our investments are on constantly improving the business,” said Khaitan. Profitability vs Scale UrbanClap recently raised ₹16 million from Flipkart CEO Kalyan Krishnamurthy, according to paper.vc, a business intelligence firm. It has marquee investors like Ratan Tata, SAIF Partners, Accel Partners and Bessemer Venture Partners on board, and raised a total funding of $110 million. The startup has about 6 lakh users per month with 20,000 service professionals on-board. But the main question is – how far is profitability? “If we want to, we can turn profitable in the next three months. Instead, we want to invest in our future and build our scale to one day make Urbanclap a ₹100 billion company,” said Khaitan. Recently, Urbanclap <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/urbanclap-revenue-up-309-losses-down-25-in-fy18/articleshow/64008938.cms?from=mdr">reported </a>a 309% jump in its operational revenue to ₹450 million for 2017-18. The losses however were at ₹750 million. “In the last three years, our jump in revenue has been significant while the losses in quantum have remained flat. The amount of burn remaining flat with revenue increases, is a sign of scale. If you want to keep growing, you will have to be investing for tomorrow’s growth,” said Khaitan. An offer they couldn’t refuse All the founders Abhiraj Bahl, Raghav Chandra and Khaitan, came back from the US hoping to build a business. They had the common goal of solving a problem for the masses. After extensive research, the idea of helping people run their homes appealed to them. They also realized that professionals like electricians and beauticians too barely make any money due to middlemen or employers. “We realised very early on that the problem that we were solving was not just building a marketplace and connecting users. We ended up removing the middlemen and transitioning these employees or service professionals into microentrepreneurs,” said Khaitan. Service professionals like electricians, beauticians and carpenters had nothing to complain as Urbanclap made them an offer they couldn’t refuse. “We told them you keep 80% of the earnings, Urbanclap will keep 20%. Overnight their earnings went up. Today, every other service professional through Urbanclap earns makes an average of ₹40,000 per month. Hundreds of our beauticians make more than ₹1 lakh a month,” said Khaitan. Making a difference to professionals also improved service quality to consumers. When they started, the founders were hoping to have at least 100 users per day, by the end of 2015. However, they had 1000 per day. The founders got what they wanted – solving a systemic problem in the country – as opposed to building a business, to sell and chill in a yacht. See Also: <a href="https://www.businessinsider.in/EXCLUSIVE-This-Indian-startup-has-made-a-profit-solving-1100-police-cases-with-just-one-round-of-funding/articleshow/69871636.cms">EXCLUSIVE: This Indian startup has made a profit solving 1,100 police cases with just one round of funding</a>

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Flipkart CEO Kalyan Krishnamurthy places his bets on home services startup UrbanClap

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Urbanclap to become Skill India certified, will create a million micro-entrepreneurs in the country

Sanchita Dash

Ratan Tata just invested in this startup intelligence platform!

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INTERVIEW: Urbanclap claims it can turn profitable in 3 months but it won’t – here’s why

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