SUMMARY
- Bookmybai raised ₹2 crore in a Pre-Series A CCPS Round headed by Inflection Point Ventures.
- The firm uses geo-tagging technology to match employers with housemaids within a 1 km radius.
- Operating in India and globally, Bookmybai supports 200,000 families.
Bookmybai, a domestic help service firm has raised ₹2 crore in a Pre-Series A CCPS Round headed by Inflection Point Ventures. To improve its network and service effectiveness, the funds will be used to hire 50,000 more housemaids and open up new sites.
Founder of Bookmybai, Sinhal stated, “Bookmybai aspires to be the premier choice for those seeking domestic help. Our advanced geo-tagging technology guarantees that employers can find a suitable house help within a 1-kilometer radius of their residence. Furthermore, we are dedicated to empowering 200,000 families by offering them secure and dependable job opportunities in domestic work, thus contributing to their economic upliftment.”
“With increasing demands of modern life, families often struggle to juggle their career with managing household responsibilities. By sending trustworthy house help, Bookmybai enables families to focus on other areas of the household. It aligns with IPV’s belief in supporting those who uplift others. By helping families create a more balanced home, Bookmybai not only allows them to relax and prioritize other areas but also provides steady employment for domestic workers. IPV sees a bright future for companies like Bookmybai that identify unique challenges and build business solutions to address them”, states Vinay Bansal, founder and CEO of Inflection Point Ventures.
Bookmybai, founded by Anupam Sinhal, is a Mumbai-based company that was established in 2016, makes it simple for families in India and overseas, including those in Mumbai, Pune, Thane, Bangalore, Hyderabad, the United Kingdom, the United States of America, Singapore, China, and Australia, to find trustworthy, long-term domestic help for their homes. Using technology, Bookmybai makes it easier to find reliable domestic help for long-term requirements. It is an internet-based service that links domestic assistants with families both domestically and abroad.
The firm’s vast database of more than 200,000 registered housemaids is one of its main advantages over competitors in the domestic help sector. It is essential to its ongoing success and growth in addition to being a distinctive selling proposition. Thanks to its extensive network, the platform can offer a large pool of vetted, pre-screened prospects to families both in India and outside. The company’s ability to provide reliable, long-term domestic assistance to households is evidence of its dedication to excellence and attention to detail in the hiring process.
The startup praised for its creative contributions and significant solutions, has been named India’s highest social impact startup in the 5 Silicon Valley Challenge (SVC) Fellows by AFI Forum 2019. This accomplishment was acknowledged on a global level when the business received the coveted CSI Challenge 2 in Japan from ARUN Seed, a licensed NPO engaged in social investments. This accomplishment highlights the firm’s dedication to promoting significant social change and its accomplishment in meeting important demands in the domestic assistance industry.
With a compound annual growth rate (CAGR) of 20%, the industry segment in which Bookmybai works is currently valued at $8 billion in India and is showing signs of robust growth. This remarkable pace of growth suggests a vibrant and quickly changing market, offering significant chances for ongoing innovation and advancement in the industry.
