UrbanClap gets investment from ex-Flipkart exec

INVESTMENT2NEW DELHI: Home services marketplace UrbanClap on Friday said former Flipkartexecutive Mekin Maheshwari and Avaana Capital founder Anjali Bansal have invested in the company.

With this investment, Maheshwari and Bansal join UrbanClap’s other angel investors, including Tata Sons Chairman Emeritus Ratan Tata and Flipkart CEO Kalyan Krishnamurthy, a statement said.

Maheshwari, who has previously served as Chief People Officer and Chief Technology Officer at Flipkart and currently leading an NGO – Udhyam Learning Foundation, has invested Rs 50 lakh, it added.

Bansal has invested Rs 99 lakh through her personal investment fund SAB Holdings.

“Mekin played a pivotal role in building technology that accelerated e-commerce adoption in India… Anjali’s deep experience working with the boards of public and private organizations will help UrbanClap evolve into a long term sustainable organisation,” UrbanClap co-founder Raghav Chandra said.

UrbanClap is backed by investors like Steadview Capital, Vy Capital, SAIF Partners, Accel and Bessemer Venture Partners. It currently has more than 20,000 individual service professionals (ISPs) on its platform across categories such as beauty, plumbing, appliance servicing and repair.

Founded in 2014, UrbanClap operates in 10 cities in India (Ahmedabad, Bengaluru, Delhi NCR and others) as well as Dubai and Abu Dhabi.