Mumbai-based home help services provider Bookmybai has raised Rs 2 crore in a pre-Series A CCPS funding round funds round led by Turning Point Venturesa Gurugram-based angel investment firm.
The startup plans to use the capital raised to expand its presence to new locations and hire 50,000 additional domestic workers, strengthening its network and service efficiency.
Bookmybai Offers
Founded in 2016, the Mumbai-based startup enables families in India and abroad, including cities like Mumbai, Pune, Thane, Bangalore, Hyderabad, UK, US, Singapore, China and Australia, to easily hire reliable and permanent domestic help for their homes.
Leverage technology to simplify the process of finding reliable home help for long-term needs.
Bookmybai is a technology-based service that connects domestic workers with families in India and internationally.
Who is the founder?
Anupam Singhal is the founder of Bookmybai. He graduated from PES University with a Bachelor of Technology and has over 15 years of extensive experience in the HR technology industry.
“Bookmybai aims to be the best choice for those looking for a domestic help. Our advanced geolocation technology ensures that employers can find a suitable domestic helper within a 1 kilometre radius of their residence. We are also dedicated to empowering 200,000 families by offering them safe and reliable employment opportunities in domestic work, thereby contributing to their economic progress,” Sinhal said.
Bookmybai’s extensive presence in the market
Bookmybai claims to have an extensive database of over 200,000 registered housekeepers, which is a major competitive advantage in the domestic service industry.
The startup believes the vast network enables the platform to provide families in India and abroad access to a wide range of trusted, pre-screened candidates.
Its goal is to further strengthen its presence in the market and continue to provide reliable and hassle-free solutions to households in these cities.
“With the increasing demands of modern life, families often struggle to balance their careers with managing household responsibilities. By sending trusted domestic help, Bookmybai enables families to focus on other areas of the home. This aligns with IPV’s belief of supporting those who help others. By helping families create a more balanced home, Bookmybai not only enables them to relax and prioritize other areas but also provides stable employment to domestic workers,” said Vinay Bansal, Founder and CEO, Inflection Point Ventures.
The industry segment in which Bookmybai operates is currently valued at $8 billion in India and is demonstrating a strong growth trajectory, with a compound annual growth rate (CAGR) of 20%.
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