Mekin Maheshwari, former Chief People Officer and Chief Technology Officer of Flipkart, who is currently leading an NGO named Udhyam Learning Foundation, has invested Rs 50 lakh in UrbanClap, India's largest home services marketplace. Additionally, Anjali Bansal, founder of Avaana Capital has also invested Rs 99 lakh through her personal investment fund SAB Holdings.
With his investment, Mekin and Anjali join UrbanClap's other distinguished angel investors, including Ratan Tata, Chairman Emeritus of Tata Sons, Kalyan Krishnamurthy, CEO of Flipkart, amongst others.
“Technology is key in our mission to empower 1 million micro-entrepreneurs. Mekin played a pivotal role in building technology that accelerated e-commerce adoption in India. We are fortunate to have him onboard as an investor. Anjali's deep experience working with the boards of public and private organizations will help UrbanClap evolve into a long term sustainable organization,” said Raghav Chandra, Co-Founder of UrbanClap.
Speaking about the investment, Maheshwari quoted on Twitter, "The mission of enabling economic growth for a massive number of professionals using technology - while creating customer delight is super inspiring. I am happy to be a partner in the UrbanClap journey!"
Backed by the likes of Steadview Capital, Vy Capital, SAIF Partners, Accel and Bessemer Venture Partners, UrbanClap currently has more than 20,000 individual service professionals (ISPs) on its platform across categories such as beauty, spa, cleaning, plumbing, carpentry, appliance servicing & repair, and painting.