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Startups 40 under 40

Abhiraj B, Raghav C, & Varun K: The handymen marketplace

2017_feb_urbanclap

Image Credit: Sushant Sinha

Like many startups, this two-year-old hyperlocal services platform is yet to make profits. UrbanClap, according to its filing with the Ministry of Corporate Affairs, incurred a loss of close to Rs 60 crore during the year ended March 2016. However, on the sidelines of a press conference in Kolkata, Varun Khaitan says the company could turn profitable in the next two years. Abhiraj Bhal expects revenue to climb five to six times in 2017 and the company to get within striking range of break-even profitability. Today, the company is the largest player in the local services segment with over 50,000 approved service professionals across 80 categories in eight cities. The company gets some 6,500 service requests on a daily basis. Ask Bhal what his dream is and he’s clear: To make UrbanClap a verb in the home services space. He knows that this is not going to be easy; he calls it an Everest of a vision, one which will require a lot of sacrifices and pains.