#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners

#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners

SUMMARY

Urban Company has set up a relief fund to support 30K services providers listed on its platforms

Uber, Ola, Swiggy and Zomato have also set up similar funds for their delivery/driver-partners

Urban Company has also resumed its services in Gurugram, Noida and Faridabad regions

Gurugram-headquartered home services startup Urban Company, previously known as UrbanClap, has now resumed its essential services in Gurugram, Noida, and Faridabad. However, the services in Delhi and Ghaziabad region continue to be at a halt until further notice. 

Despite the permission from the police commissioner’s office in Gurugram, Noida and Faridabad regions, Urban Company has asked users to check with their housing complex or residents welfare association about entry permits for service professionals before making any bookings. 

The users can now book plumbers, electricians, cleaning, pest control and service for various electrical appliances including AC, water purifier, refrigerator and more. The company has assured that it will monitor the situation and open more services soon. 

Urban Company Resumes Essential Services In Gurugram, Noida, Faridabad

To ensure the safety of its service providers and customers, Urban Company claims to ensure that the tools and kits are sanitised after every use. The company has also provided its service partners with masks, gloves and single-dose products that can be disposed of when relevant.

Besides this, Urban Company had set up a Covid-19 Relief Fund to provide sustenance support to its 30K service providers over the next few months. Urban Company founders Abhiraj Bhal, Raghav Chandra and Varun Khaitan, investors and employees will be contributing INR 1.5 Cr for this fund. 

The company is providing interest-free business advances with delayed payback period, income protection and health insurance. In addition, the company will also be covering existing life, accidental and health insurance.  Meanwhile,  the company

Besides Urban Company, several other companies that rely on gig economy workers to go about their day-to-day operations have taken us similar practices and set up funds. This includes Zomato, Swiggy, Uber, Ola and more. 

Swiggy cofounder and CEO, Sriharsha Majety, has decided to give up on 50% of his annual salary, while Ola’s CEO and cofounder Bhavish Aggarwal has given up on his annual salary to contribute to their respective relief fund. 

Both Ola and Uber have also extended their services to support healthcare providers, government initiatives and more. Uber has started UberMedic, meanwhile, Ola has reached out to the government of Karnataka to offer 500 cabs to support state initiatives.

Digital payments platform, Paytm, has offered INR 5 Cr to any researcher and innovators working on effective solutions to tackle the potential shortage of clinical ventilators and other medical equipment. 

Besides this, Paytm has partnered with more than 300 hotels in 60 cities to offer temporary accommodation for the medical practitioner on the frontline. OYO, Treebo and Ginger Hotels have also joined in this initiative.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners-Inc42 Media
#StartupsVsCovid19: Urban Company Resumes Service; Launches Fund To Support Partners-Inc42 Media
You’re in Good company