Flipkart CEO Kalyan Krishnamurthy places his bets on home services startup UrbanClap

Left to Right - Abhiraj Bhal (Co-Founder & CEO), Raghav Chandra (Co-Founder), Varun Khaitan (Co-Founder) UrbanClap
  • UrbanClap has reportedly raised ₹1.6 crore from Kalyan Krishnamurthy.
  • This is Kalyan’s second personal investment, while the first one was B2B startup Moglix.
  • The home services startup includes Ratan Tata, SAIF Partners, Accel Partners among others in its list of existing investors.
Gurgaon-based home services startup UrbanClap has raised ₹1.6 crore from Flipkart CEO Kalyan Krishnamurthy, according to paper.vc, a business intelligence firm.

The Gurgaon-based home services startup UrbanClap has a list of existing marquee investors like SAIF Partners, Ratan Tata, Accel Partners and Bessemer Venture Partners.

Prior to this investment, the startup had raised funding of $50 million in a Series D round from Steadview Capital Management and existing investor Vy Capital in November 2018.

UrbanClap had also recently announced that Bollywood star Ayushmann Khurrana is its brand ambassador.

The startup, which was founded in 2014, offers services at home for its customers. In almost five years in the business, the startup has garnered more than 35,000 trusted and verified professionals on the platform that serve more than 500,000 customers each month, across 10 cities in India (including Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Pune). The startup also made its international debut by expanding its offerings into Dubai.

Meanwhile, Flipkart CEO Kalyan Krishnamurthy has been upping his investment game. He made his first solo investment in the B2B startup Moglix. The investment amount remains undisclosed. Kalyan during his earlier stint as Managing Director at investment firm Tiger Global had made investments in Nestaway, Curefit etc.

See Also:
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Large ticket deals drive rise in private equity investments in India this year
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