Timesaverz, an on-demand home services platform has raised Series A funding of Rs. 15 crore from Ronnie Screwvala’s Unilazer Ventures. Raised funds will be used to expand services of the startup in new markets.
Founded in 2013 by Debadutta Upadhyaya and Lovnish Bhatia, the Mumbai based startup operates in 6 key metros (Bangalore, Delhi, Gurgaon, Hyderabad, Noida and Pune), growing at 100% QoQ. The service is available for both Android and iOS users.
Debadutta Upadhyaya, Co-Founder and CEO said, “Timesaverz started as a 2-hub operational company in Mumbai 2 years ago and has since grown to cater to one service request every 3 seconds and manages fulfillment through a 1000+ Timesaverz partner network. Since the launch of its both on web and mobile application, it has been witnessed growth in visitations and 80% of the traffic is through mobile. The recent round of funding is aimed at bolstering our technology solutions and strengthening our product portfolio.”
With the high rate of mobile penetration in the country, the accessibility of home services at the click of a button has found immense favor with today’s tech-savvy and busy consumer. On-demand home services are the next favourite after food service delivery apps and tech-enabled cab services. The second largest mobile economy of the world provides the right impetus for exponential growth in utility based services and it becomes apparent why this market has become the focal point for investors in the country.