Mumbai, 19th September 2024 – Domestic help service provider, Bookmybai, has raised INR 2 Crore in Pre-Series A CCPS Round led by Inflection Point Ventures. The funds will be invested in expanding to new locations and bringing on 50,000 additional housemaids, strengthening Bookmybai’s network and service efficiency.
Bookmybai, founded in 2016 and headquartered in Mumbai, enables families in India and abroad including cities like Mumbai, Pune, Thane, Bangalore, Hyderabad, UK, U.S.A, Singapore, China and Australia to easily hire dependable, permanent domestic help for their homes. By leveraging technology, Bookmybai simplifies the process of finding trustworthy household staff for long-term needs. It is a tech-enabled service that connects domestic helpers with families in India and internationally.
Anupam Singhal, Founder, is a B. Tech graduate from PES University and brings over 15 years of extensive experience in the HR-Tech industry. Anupam’s expertise and innovative methods on leveraging technology to enhance human resource solutions has been instrumental in shaping Bookmybai into a leading platform. His leadership and vision continue to drive the company’s growth and impact in both the Indian and international markets.
Vinay Bansal, Founder & CEO, Inflection Point Ventures says, “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 belief of 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”.
One of Bookmybai’s key strengths lies in its extensive database of over 200,000 registered housemaids, which serves as a major competitive advantage in the domestic help industry. It is not only a unique selling point but also a critical factor in its continued success and expansion. This vast network allows the platform to provide families in India and abroad with access to a wide range of reliable, pre-screened candidates. Bookmybai’s ability to match households with trustworthy and permanent domestic help is a testament to its commitment to quality and its focus on creating a seamless hiring experience.
As of September 2024, Bookmybai is significantly scaling its operations by expanding into the major metropolitan hubs of Mumbai, Pune, and Bangalore. This strategic expansion reflects the startup’s robust growth trajectory and its dedication to addressing the increasing demand for reliable domestic help services in these key urban markets. By broadening its geographical reach, Bookmybai aims to further strengthen its market presence and continue delivering seamless, trusted solutions to households across these cities.
Anupam Sinhal, Founder, Bookmybai, says, “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.”
Bookmybai has earned the distinction of being India’s top social impact startup, in the 5 Silicon Valley Challenge (SVC) Fellows by AFI Forum 2019, celebrated for its innovative contributions and impactful solutions. This achievement was further recognized on an international scale when the company was awarded the prestigious CSI Challenge 2 in Japan by ARUN Seed, a certified NPO involved in social investments. This achievement underscores Bookmybai’s commitment to driving meaningful social change and its success in addressing critical needs within the domestic help sector.
The industry segment in which Bookmybai operates is currently valued at $8 billion in India and is demonstrating a strong growth trajectory, with a compound annual growth rate (CAGR) of 20%. This impressive rate of expansion indicates a dynamic and rapidly evolving market, presenting substantial opportunities for continued innovation and development within the sector.
