Timesaverz.com raises a seed round from leading angel and seed investors


MUMBAI: Timesaverz, a GSF Accelerator company, is a “mobile first” marketplace that connects home service seekers with home service providers. It has secured a seed round of financing from a group of leading angel investors led Neville Taraporewalla, Senior Industry Leader in Consumer Internet, and by Rajesh Sawhney, Founder of GSF Accelerator and the GSF Superangels platform. The other investors include AshishJhalani (Founder at eTailing India), Nitesh Kripalani (ex-Digital Business Head at Sony Entertainment) and leading GSF Superangels like Dinesh Agarwal, Founder of Indiamart and Nish Bhutani, COO of Saffronart.

Co-Founded by Debadutta Upadhyaya & Lovnish Bhatia in April 2013, the Timesaverz.com platform has built a strong network of 500 plus service partners over the last 15 months of operations.Each service partnergoes through a rigorous process before enlisting with the Timesaverz network, this includes – a thorough background check, verification of skill-sets and polishing of soft-skills. This network of skilled agents across Mumbai helps time-stressed Mumbaikars outsource their home service requirements in the area of cleaning tasks, handymen jobs, appliances repairs and errands coordination.

It’s a very simple process.All the user has to do is - visit www.timesaverz.com online or through a mobile device, choose the task that needs to get done, select the date and time they want the job to be completed and pay up. Timesaverz then uses its proprietaryalgorithms to assign the right service partner to complete the job. Quality service delivery on time is ensured through LIVE tracking of the entire process from job request to job completion and feedback gathering through mobility solutions.

Says Rajesh Sawhney, Founder of GSF Accelerator and GSF Superangels, “Timesaverz is a mobile first company. It is a unique mobile marketplace which combines “uberification of services” with a deep understanding of the needs and dynamics of Indian household. The seasoned leadership team of Timesaverz has curated a strong network of service partners and have built a scalable model of service delivery.

Says Debadutta Upadhyaya (Nominated as one of the top 30 women entrepreneurs in the country by sumHR),  “Over the last 15 months, the Timesaverzteam has established a business around organizing a disorganized home services market through mobile technology intervention.At 33% repeat customers month on month and 10x revenue growth trend vis-?-vis’ last year, the business is now poised for ahuge growth. Not only that, the social impact of this model has seen job creation and supplementary income for individual skilled workers. The current fundraising will be used to expand into other cities and strengthen our mobile-first vision.”

Although a new concept in Indian context, this genre of business has seen some robust funding in the developed markets in the likes of Thumbtack, Handy (previously Handybook) and Taskrabbit

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