Urbanclap to become Skill India certified, will create a million micro-entrepreneurs in the country
- Gurugram-based home services startup
Urbanclaphas signed an MoU with National Skill Development Corporationon World Skills Day.
- With the partnership, Urbanclap will train 30,000 professionals and aims to create 1 million micro-entrepreneurs.
- NSDC will help Urbanclap be a Skill India certified company.
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 & 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 reported a 309% jump in its operational revenue to ₹450 million for 2017-18. The losses however were at ₹750 million.
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