"Tata's personal investment in our unique start-up is a testament to the market opportunity and calibre of our team, which is building a valuable marketplace," the Gurgaon-based UrbanClap said in a statement in New Delhi.
As a marketplace to hire professionals for local services, the over-year-old startup offers about 80 types of services in six places - Bengaluru, Chennai, Hyderabad, Mumbai, Delhi NCR (National Capital Region) and Pune - across the country.
The enterprises enables customers to get services of various traders such as plumbers, electricians, carpenters, a beautician, a yoga trainer, a math tutor or a wedding photographer.
About 25,000 professionals in diverse occupations are registered with the firm, co-founded by Abhiraj Bhal, Varun Khaitan and Raghav Chandra in October 2014.
"We are well positioned to create thousands of jobs for service professionals and spawning a new breed of micro-entrepreneurs," the company claimed.
Prior to Tata investing, the company raised $25 million (roughly Rs. 167 crores) from venture funds led by Bessemer Venture Partners on November 19 in the second round and $10 million (roughly Rs. 67 crores) in first round from Accel, SAIF partners and e-tailer Snapdeal co-founders Rohit Bansal and Kunal Bahl.
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