Professional Services Marketplace Qyk Raises $1 Mn Led by GrowX Ventures & Others

Bangalore-based professional services marketplace startup, Qyk, has raised $1 Mn funding in a pre-series A round of funding led by growX ventures. Also, existing investors Tracxn Labs, Powai Lake Ventures and Sahil Barua (co-founder, Delhivery) have invested in this round.

Founded in 2014 by Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal and Anubhav Sahoo, Qyk helps users to find local service providers including tutors, coaches, event organisers, interior designers, architect and photographers.

The team at Qyk collaborates local data and competitive quotes from the most relevant service providers, which will allow customer to compare and hire quality service providers saving time and money.

The app uses algorithms to intelligently match demand and supply based on parameters like specific requirements, location, availability, budget, etc.

The startup already has more than 10,000 professionals across 100 categories and handling 100 of requests every day. With over 70 member team, Qyk is planning to scale up to over 200 in a year’s time.

Currently, the services are live in Bangalore, Mumbai & Delhi and the company is  planning to expand in key cities in coming six months.

Speaking about the investment, Ashish Taneja, MD of 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.”

Recently in March, Qyk had raised an undisclosed amount of angel funding from early investors Zishaan Hayath, co-founder of Toppr & Powai Lake Ventures, Abhishek Goyal CEO & co-founder of Tracxn and ex-Accel partner and Sahil Barua, CEO & co-founder of Delhivery.

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