Startup Qyk raises $1 million from GrowX Ventures


Mumbai, Aug 25 (PTI) : Hyper-local professional services startup Qyk today said it has raised USD 1 million in a ‘pre-series A’ investment led by early stage investment firm GrowX Ventures.

Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua (Co-founder of Delhivery)- also participated in this round, Qyk said in a statement.

The company was founded by IIT alumni Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal, and Anubhav Sahoo.

Qyk helps customers find quality verified service providers for over 100 categories of professionals – from piano teachers to tax consultants; from photographers to dietitians.

It also enables freelancers and professionals to grow their business by reaching out to new and interested customers.

“Qyk expects to change the listing model and improve the experience of finding any kind of professional help. Our long-term vision is to build a frictionless and efficient marketplace for local services,” Deepak Singhal, chief executive of Qyk said.

“The startup has already seen this model gather huge success in the US with Thumbtack,” Ashish Taneja, managing director, GrowX Ventures, said.

Since starting operations in March 2015 in Bengaluru, Qyk has grown to over 70-member team and expects to scale up to over 200 in a year’s time, the company said.

Qyk now operates in Bengaluru, Mumbai, and Delhi and has plans to expand in few other key cities over the next six months.