A mobile-based services marketplace, Urbanclap has acquired HandyHome, after sales service platform in an equity deal. HandyHome Mumbai-based startup allows users to book brand-authorized repairs and other services for electronic appliances online. HandyHome was founded in early 2015, had raised about half a million dollars from Bessemer Venture Partners and Kae Capital in June.
Gurgaon-based UrbanClap provide a portal where users can book plumbers, beauticians and Yoga instructors among 75 such services across Delhi-NCR, Bengaluru, Mumbai, Chennai and Pune. Urbanclap plans to have more than 2,00,000 professionals on the platform and serve over 1,00,000 customers every day in 25 cities across 100 categories over the next one year with the latest financing in place.
However, over the past few months with the market tightening, this category has seen some players not been able to raise additional capital while others such as LocalOye laid off employees to cut costs, paving way for consolidation.