Qyk, a hyper-local professional services startup in India, today announced a $1 millionn pre-series A investment led by growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua (Co-founder, Delhivery) also participated in this round.
Qyk was founded by alumni of IIT Bombay and IIT Kharagpur - Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal, and Anubhav Sahoo, who previously worked with companies like Ola, Inmobi, Practo and Deutsche Bank.
Ashish Taneja, MD, growx ventures, said, “The traditional approach to finding service providers via listings is painful, and broken, and leaves both the consumer and the service provider dissatisfied. Qyk is here to change that and dramatically improve the experience of finding any kind of professional help. We’ve already seen this model see huge success in the USA with Thumbtack, and believe that the rock star Qyk team will be the one to make this succeed in India.”
Qyk helps customers find the best, verified service providers for over 100 categories of professionals – from piano teachers to tax consultants through photographers and dietitians, in the quickest time possible.
Qyk also enables freelancers and professionals to grow their business by reaching out to new and interested customers. The app uses algorithms to intelligently match demand and supply based on parameters like specific requirements, location, availability, budget, etc.
Since starting operations in March 2015 in Bangalore, Qyk has grown to over 70 member team and expects to scale up to over 200 in a year’s time.
Qyk now has over 10,000 professionals across 100 categories and handling hundreds of requests every day. They are live in Bangalore, Mumbai, and Delhi and have plans to expand if few other key cities over the next six months.
Deepak Singhal, CEO, Qyk: “We are delighted to have growx as an investor - they believe in our model and our long-term vision of building a frictionless and efficient marketplace for local services. It is also heartening to see our seed investors backing us again."
Qyk was founded by alumni of IIT Bombay and IIT Kharagpur - Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal, and Anubhav Sahoo, who previously worked with companies like Ola, Inmobi, Practo and Deutsche Bank.
Ashish Taneja, MD, growx ventures, said, “The traditional approach to finding service providers via listings is painful, and broken, and leaves both the consumer and the service provider dissatisfied. Qyk is here to change that and dramatically improve the experience of finding any kind of professional help. We’ve already seen this model see huge success in the USA with Thumbtack, and believe that the rock star Qyk team will be the one to make this succeed in India.”
Qyk helps customers find the best, verified service providers for over 100 categories of professionals – from piano teachers to tax consultants through photographers and dietitians, in the quickest time possible.
Qyk also enables freelancers and professionals to grow their business by reaching out to new and interested customers. The app uses algorithms to intelligently match demand and supply based on parameters like specific requirements, location, availability, budget, etc.
Since starting operations in March 2015 in Bangalore, Qyk has grown to over 70 member team and expects to scale up to over 200 in a year’s time.
Qyk now has over 10,000 professionals across 100 categories and handling hundreds of requests every day. They are live in Bangalore, Mumbai, and Delhi and have plans to expand if few other key cities over the next six months.
Deepak Singhal, CEO, Qyk: “We are delighted to have growx as an investor - they believe in our model and our long-term vision of building a frictionless and efficient marketplace for local services. It is also heartening to see our seed investors backing us again."