timesaverz funding

timesaverz funding

Mumbai-based Timesaverz, an on-demand home services marketplace startup, has raised Series A funding of Rs 15 crore from UTV famed Ronnie Screwvala’s Unilazer Ventures.

Timesaverz is in the business of getting curated service providers to customers’ doorstep for various home services ranging from cleaning, repairs, handyman jobs to running errands and helping in paperwork.

“Timesaverz sees itself as the Uber of home services, creating availability and credible aggregation for the consumer, and value for money for the vendors,” the company said in a statement.

The fresh fundings will be used by the startup in strengthening its technology solutions and product portfolio.

Earlier in October last year, the startup had raised undisclosed amount in seed funding from a clutch of angel investors led by consumer internet honcho Neville Taraporewalla and GSF Accelerator founder Rajesh Sawhney.

Currently operating in five key areas – Mumbai, Delhi-NCR, Bangalore, Hyderabad and Pune, the company will now expand its operations to 15 more cities and will increase its services categories from five, including cleaning, laundry, pest control, repairs, plumber and carpeting.

Timesaverz was founded in 2013 by Debadutta Upadhyaya and Lovnish Bhatia, both ex-executives at Vdopia, a mobile video advertising firm.

Debadutta Upadhyaya, who is CEO of the company said that Timesaverz started as a 2-hub operational company in Mumbai two years ago and has since grown to cater to one service request every three seconds, through a 1,000 plus Timesaverz partner network across five key metros. Since the launch of its new interface both on web and mobile, Timesaverz has been witnessing 3X growth in visitations and 80% of the traffic is through mobile.

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Timesaverz has a network of over 500 service providers on its platform and all its agents have been background checked to ensure 100 percent accountability.

“On-demand home services comprise the new frontier of e-commerce where service is now a product. Large companies are going to be created in this space and we will work closely with the founders to make Timesaverz a leader in an existing USD 5 billion industry with immense growth potential,” said UTV founder and entrepreneur Ronnie Screwvala who has knack for investing in women-led startups as earlier to this Screwvala had invested in Bangalore-based Zivame, a lingerie e-commerce startup led by Richa Kar.


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