1. What is urban clap?
Urban clap, currently known as the Urban company is marked as one of the fastest-growing startups nationally. It is an online marketplace that connects service providers to service seekers to solve all everyday problems.
It will be your one-stop solution if you are searching for a beautician, plumber, yoga instructor, mechanic, lawyer, and many more. From The time when Urban clap was launched in 2014, the way the servicemen work and pay changed completely.
Urban clap directly connects the professional to users for a better work experience. It all began with a handful of work professionals which now emerged into 50,000 groups of professionals and 20,000 in the queue trying to be part of this community.
2. What Does UrbanClap Do?
Imagine you are on a long drive with your partner, it’s already 10 pm and unfortunately, your car broke down. Whom are you going to call? You call your family or friends but didn’t receive any help. This is when the company comes into action. Now they will send the professional to save you from that night in the dark.
It serves as an Individual Service Provider and turns them into micro-entrepreneurs.
3. Milestones in the journey of Urbanclap (till date):
Date of Launch: October 2014.
Founders of UrbanClap: Abhiraj Bhal, Khaitan Varun and Chandra Raghav.
Funds received till date: $110.7 m (till 2018 November).
Operating cities: New Delhi, Bengaluru, Mumbai, Chennai, Pune, Ahmedabad, Hyderabad and Kolkata.
Business Valuation: $480 billion in business value (December 2018)
Main HeadOffice: Gurgaon, India
4. Most Popular Services provided by Urban clap
As per the results said by Urbanclap, there are 7 most odd and trending services that individuals mostly opt for. They are listed below.
- Fitness Trainer
- Salon at home
- Party make-up
- Home services like plumber, mechanics.
- Interior Designer
- Wedding Photographers.
5. Top companies like UrbanClap.
Like old days, you don’t have to rush to the nearby mechanic shop or beauty parlor whenever you need services. There are many companies like UrbanClap that provide you high quality services at your home. Here is the list of top 7 companies like UrbanClap.
HouseJoy is a Bangalore-based company(initially) that was founded in 2015 by Sunil Goel and Arjun Kumar.
The company was able to raise $4 million in its first round of funding from its partners. The Indian population almost raised the orders to 4000 a day, which resulted in company growth.
Both HouseJoy and Urbanclap are the top competitors of this industry. The company also offers customer loyalty programs like free re-work, free insurance, etc for the customers, which helps in gaining loyal customers.
They provide various services like cleaning, pers control, painting, carpentry, plumbing, and many more. The HouseJoy app is available for both Android and iOS users.
Zimmber is a Mumbai-based company that is founded by Amit Kumar, Anubhab Goel, and Gaurav Shrivastava. This is like another helping hand for you in your house. It was taken over by Quikr for $10 million in 2017.
They offer various services like pest control, carpentry, plumbing, cleaning, carpet, and sofa cleaning. electricity work, home spa, laundry, and many more through their apps and websites. But this app is only available for Android users, can expect it to be for iOS in the future.
This is a company that connects tutors, institutions and trainees with students. It was found by Rakesh Karla in 2012 in Bangalore.
The platform has around 6.5 lakh verified tutors and institutions that give professional training for more than 25 lakh students and a million visitors per month.
You can get your coaching for popular exams like CA, MBA entrance, medical entrance, UPSC, bank clerical posts, Staff Selection Commission, TOEFL, GMAT, IELTS GRE, and many more.
They also offer IT courses in programming like C++, Java, Python PHP, and Data Science. There are over 100 categories of various coaches that you can choose from. Other than education they also offer services regarding yoga, drawing, photography, makeup, singing, and others.
Helpr can be your one-stop solution for all your home care and maintenance. It was founded by Vijayramkumar Veeraraghavan, Vignesh Rengasamy, and Rajesh Sankarappan in 2015 at Bangalore and currently operates at Bangalore, Coimbatore, Chennai, and Hyderabad.
The company was awarded as the best startup of the year in the year 2015, by Coimbatore Management Association. They offer various services like complete house cleaning, pest control, electric work, plumbing work, and many more. This app is available for both Android and iOS users.
5.5. Mr. Right
Mr. Right was found by childhood friends Mayank Agrawal and Prashant Chaudhary in 2013.
Mr. Right provides over 300+ services to its users, starting from AC repairs to laundry and pest control.
You can directly go to the search bar, search for the service and that’s it. The service provider from your locality will be sent to your house to resolve the issue. All the workers are verified by Mr. Right so they provide professional work.
This app is available for both Android and iOS users.
Timesaverz is a company that was founded by Lovnish Bhatia and Debadutta Upadhyaya in 2013 with the aim to assist new people arriving in the cities. Now they are currently serving in major cities of India like Delhi, Noida, Gurgaon, Hyderabad, Bangalore, Pune, Mumbai, and Chennai.
You get professional workers for your services, approved by the company. They arrive at your home at the chosen time and date to find your work.
Near.in is another e-commerce platform for local services which is taken over by Paytm. It was founded in 2014 by Akshay Khanna, Lomesh Dutta, and Sunil Goyal.
You can search for services from various categories here like dancing, music, yoga, dietician, birthday events, and many more.
You can find professionals such as plumbers, tattoo, and makeup from your locality including all home needs, health and wellness.
The company raised around $280k in funding from Marquee investors and covers 100+ categories in its services.
6. The Market Size Of Home Service Industry.
The industry of home services is expected to rise by $1,574.86 billion during 2020-2024.
Businesses globally have been delivering innovative services and the local firms are focusing on delivering home facilities for various different reasons. Moreover, already existing vendors are implementing M&A to extend their business presence.
Home service market was valued around USD 281.65 Billion in 2018 and is expected to witness a growth percentage of 18.91% from 2019-2026 and reach USD 1,133.40 Billion by 2026.
Increase in smartphone usage is one of the reasons that contribute to the growth of the home service industry. This is one of the positive side effects that is enormously growing due to smartphone usage all around the world.
7. Revenue Model Of UrbanClap.
UrbanClap uses four ways to earn money. They are given below.
7.1. Commission model:
It generates over 85% of its overall revenue by user subscriptions. They charge a little percentage of the overall service price to the business owner in the form of commission.
The commission may vary based on the service they do. The more they work, the more they get rewarded.
Another way they generate revenue is by advertising. Business people, suppliers, and providers use the UrbanClap platform to display their work in the form of advertisements in return for the company’s advertisement fees.
The global Industry for home services online is growing enormously and diversely from selling various services. The business stays active in the market due to rapid commercialization.
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