And more money for on-demand home service startups. Timesaverz, an on-demand home services marketplace which helps users hire locally-verified and curated service providers, has raised $2.2 million in Series A round of funding from Ronnie Screwvala’s Unilazer Ventures.
With this freshly raised capital, the company will look to expand its operations into new markets and services. The company is aiming to become the Uber (god everyone wants to be that !) of home services creating availability and credible aggregation for the consumer, and value for money for the vendors.
Founded in 2013 by Debadutta Upadhyaya and Lovnish Bhatia, Timesaverz is a mobile first marketplace connecting home service seekers with home service providers. The company claims to be growing at 100% QoQ at the moment. It currently operates in Delhi, Pune, Gurgaon, Bangalore, Hyderabad, Noida and Mumbai.
Commenting about the investment, Ronnie Screwvala said,
Our decision to back the company was driven by the operational efficiency demonstrated by an experienced team and the social impact it has created among the unorganized but skilled service partners.
Debadutta Upadhyaya, Co-Founder and CEO of the company said,
The recent round of funding is aimed at bolstering our technology solutions and strengthening our product portfolio.”
Debadutta further tells me, that her company, which started as a 2-hub operational company in Mumbai 2 years ago, has since grown to cater to one service request every 3 seconds and manages fulfilment through a 1000+ Timesaverz partner network across 5 key metros.
Since the launch of its new interface both on web and mobile, Timesaverz claims to have been witnessing a 3X growth in visitations with 80% of the traffic is through mobile.
However, if you’ve been even remotely following funding updates (assuming you’re our regular reader) for the past few months, you’d know the intense competition TimeSaverz will face. In the space of home maintenance service proving platform, the startup will compete with numerous other, similar ventures like Doormint, HouseJoy, Zimmber and more recently Fixy, which raised a seed funding round from members of VentureNursery earlier this week.
