Qyk Raises $1M Pre-Series A Investment Led by Growx Ventures

Qyk, Bengaluru-based hyper-local professional services startup has announced a $1 million pre-series A investment led by Growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua (Co-founder, Delhivery) also participated in this round.

Qyk was founded by alumni of IIT Bombay and IIT Kharagpur – Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal, and Anubhav Sahoo, who previously worked with companies like Ola, Inmobi, Practo and Deutsche Bank.

It helps customers find the verified service providers for over 100 categories of professionals – from piano teachers to tax consultants through photographers and dietitians. It also enables freelancers and professionals to grow their business by reaching out to new and interested customers. The app uses algorithms to match demand and supply based on parameters like specific requirements, location, availability, budget, etc.

Since starting operations in March 2015 in Bangalore, it has grown to over 70 member team and expects to scale up to over 200 in a year’s time. The company now has over 10,000 professionals across 100 categories and handling hundreds of requests every day. They are live in Bangalore, Mumbai, and Delhi and have plans to expand if few other key cities over the next six months.

In the online hyper local aggregation space, other startups like Near.in, Taskbob, HouseJoy, HandyHome have also raised funding to fuel their growth.

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