Ronnie Screwvala’s Unilazer invests Rs 15 crore in on-demand platform Timesaverz

Ronnie Screwvala’s Unilazer invests Rs 15 crore in on-demand platform Timesaverz

Ronnie Screwvala

MUMBAI: Ronnie Screwvala’s Unilazer Ventures has pumped in Rs 15 crore in an on-demand home services platform Timesaverz. This Series A funding will be used to expand services of the startup in new markets.

 

Founded in 2013 by Debadutta Upadhyaya and Lovnish Bhatia, the Mumbai based startup operates in six key metros namely Bangalore, Delhi, Gurgaon, Hyderabad, Noida and Pune, growing at a 100 per cent rate QoQ. The service is available for both Android and iOS users.

 

Screwvala said, “On-demand home services comprise the new frontier of e-commerce where service is now a product. Large companies are going to be created in this space and we will work closely with the founders to make Timesaverz a leader in an existing $5 billion industry with immense growth potential.”

 

Timesaverz co-founder and CEO Debadutta Upadhyaya added, “Timesaverz started as a 2-hub operational company in Mumbai two years ago and has since grown to cater to one service request every three seconds and manages fulfilment through a 1000+ Timesaverz partner network. Since the launch of its both on web and mobile application, it has been witnessed growth in visitations and 80 per cent of the traffic is through mobile. The recent round of funding is aimed at bolstering our technology solutions and strengthening our product portfolio.”