Bookmybai is an online platform for hiring domestic service helpers that secured Rs 2 crore in its pre-series A funding round from Inflection Point Ventures. The funding round saw participation from various investors including angel investors. The company plans to use these fresh proceeds to scale its operations, enhance its platform, strengthen its network, and develop its market presence.
The software startup provides a platform that simplifies and eases the search for trustworthy household staff. The tech-enabled platform connects domestic helpers with families in India. The company provides users with verified maids, cooks, and babysitters. The platform requires the sender to post relevant verified profiles according to requirements and then filter the candidates accordingly.
The company aims to use these funds to expand its services in more locations and bring 50,000 additional housemaids. The domestic help service provider connects domestic helpers with families In India and other countries. Bookmybai has raised around 259k USD across four funding rounds since its inception, including 40k USD secured from Villgro during its seed funding round. The data intelligence platform, tracxn reported the post-money valuation of the firm to be $1.59 million before this round.
The company offers a platform that uses advanced technologies to collect user data and provides them with personalized pages with matching employee results. The firm has helpers for homecare, cooking, and babysitting. This investment will enable the startup to improve its performing capability and expand its services. The cutting-edge technology enhances personalization and elevates the unique user experience. The platform is designed to enable its users to find reliable domestic helpers with affordable salaries. The company faces competition from other online hiring platforms such as ChefKart, Unnati, and Broomees.
The startup claims to have over 20,000 registered housemaids to serve as a major competitive landscape in the domestic help industry. The company offers its services in parts of India including Mumbai, Bangalore, Pune, Thane, and Hyderabad. Bookmybai also has its customer reach abroad including the UK, USA, Australia, and China to provide permanent and reliable domestic helpers for their homes. The startup will also use some of this investment to enhance its resources, advance its technologies, and improve its platform to offer the best user experience. The development came just after the online employee hiring platforms saw increased investor interest.
Conclusion :
The online domestic helpers hiring startup Bookmybai secured Rs 2 crore in its ongoing pre-series A funding round from Inflection Point Ventures with the participation of several new and existing investors. The startup intends to use this fresh capital to scale its operations in new locations, enhance its platform, bring 50,000 additional housemaids, and develop a market presence.
The platform provides an online platform for users to hire maids, babysitters, or cooks for their house. The company claims to have 200,000 registered households to serve the domestic help industry. Ookmybai offers its services in India and abroad including the US, UK, China, and Australia. This investment shows investors’ trust in Bookmybai’s business model and market potential.
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