Bookmybai, a domestic help service provider, has raised ₹2 crore in a Pre-Series A compulsorily convertible preference shares (CCPS) funding 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.
Anupam Sinhal, Founder, Bookmybai, said, “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.”
Vinay Bansal, Founder & CEO, Inflection Point Ventures(IPV) said, “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. 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.”
Bookmybai, founded in 2016 and headquartered in Mumbai, enabled families in India and abroad including cities like Mumbai, Pune, Thane, Bangalore, Hyderabad, United Kingdome, the United States of America, Singapore, China and Australia to easily hire dependable, permanent domestic help for their homes. By leveraging technology, Bookmybai simplified 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.
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.
By broadening its geographical reach, Bookmybai aimed to further strengthen its market presence and continue delivering seamless, trusted solutions to households across these cities.
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.
