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Timesaverz raises Rs 15 crore Series A round from Unilazer Ventures

On-demand home
services marketplace Timesaverz has raised Series A funding of Rs 15 crore from
Ronnie Screwvala’s Unilazer Ventures. The company helps users hire
locally-verified and curated service providers through the push of a button.

On-demand home
services marketplace Timesaverz has raised Series A funding of Rs 15 crore from
Ronnie Screwvala’s Unilazer Ventures. The company helps users hire
locally-verified and curated service providers through the push of a button.

The funds raised
will be allocated to support its expansion into new markets and services,
reports the Times
of India

According to the
report, the company “sees itself as the Uber of home services creating
availability and credible aggregation for the consumer, and value for money for
the vendors.”

Founded by
Debadutta Upadhyaya and Lovnish Bhatia, Timesaverz, has been extending its
service portfolio over the past few months to a number of cities and now
operates in five key metros, growing at 100% QoQ. Its services have been
gaining traction on mobile at an unprecedented rate.

Speaking about the investment, Ronnie Screwvala, told the Times of India,
“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 5 billion dollar industry with immense growth potential.
Our decision to back the company was driven by the operational efficiency
demonstrated by an experienced team and the social impact it has created among
the unorganized but skilled service partners.” 

Debadutta Upadhyaya, co-founder and CEO, was quoted in the report as saying,”Timesaverz
started as a 2-hub operational company in Mumbai two years ago and has since grown
to cater to one service request every 3 seconds and manages fulfillment through
a 1000+ Timesaverz partner network across 5 key metros. Since the launch of its
new interface both on web and mobile, Timesaverz has been witnessing a 3X
growth in visitations and 80% of the traffic is through mobile. The recent
round of funding is aimed at bolstering our technology solutions and
strengthening our product portfolio.” 

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