Urban Clap
Urban Clap
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UrbanClap is a “services platform”, with the bold ambition to
organize the key verticals within the service commerce industry,
bringing in the benefits of scale - structured processes, systems,
standardization, transparency and trust. This platform will
enable billions of dollars in commerce annually, and create jobs
for 1 million+ service professionals. The key industries that we
are going to organize over the next few years include – home
improvement, home maintenance & repairs, appliance repairs,
salon spa & makeup services, fitness & health at home,
academic tuitions, photography & events, packing & moving
etc.
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ABOUT CO-FOUNDER
ABHIRAJ BHAL
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RAGHAV CHANDRA
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VARUN KHAITAN
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BUSINESS MODEL
For white collared services, which are the larger part of the
business, like photographers, interior designers or yoga
instructors, UrbanClap makes the effort to understand exactly
what you need, and helps you hire the right professional, in your
budget, most suited to meet that need.
This is done through an automated match-making algorithm,
which the team is investing heavily to continue perfecting.
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For the purpose of such work they are smart enough to have
hired a retired Superintendent of Police which again helps in
creation of a job opportunity.
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HOW IT WORKS
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MARKET COMPETITORS:
Sulekha
Localoyee
Taskbob
Local Vendors
INVESTORS
Rathan Tata
VY Capital
Saif Partners
Accel Partners
Bessemer Venture Partner
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MARKETING TECHNIQUES
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began spreading its market area in Mumbai, they chose one girl
to carry out this little technique.
On the 1st day they sent her a chocolate without any name or
address. On the 2nd day they sent her a cake with the mere
name of the cake shop On the 3rd day they sent her a bouquet
And then on the 4th day they sent her an e-mail telling her that
it was them sending her all those things.
With this what happened was that in the span of those 4 days,
the girl called every person including her relatives, friends and
colleagues being disturbed with who it was that had been
sending her all those items. So when these guys came clean they
had already acquired an entire circle of 1 person which in itself
happened to be a great achievement and a brilliant idea of
marketing.
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The bottom-line of there strategy even according to its co-
founders is that everything a person can possibly think of
having to do or get it done be it because of the weather, or
because of the traffic, or pollution all it is required for them is to
can clap their hands and urban clap will be there to fix that.
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SWOT ANALYSIS
STRENGTHS
Wide range of choices in services.
Direct Interaction between the professionals and customers.
The services are mostly provided at the residence, office or
chosen venue of the consumer.
Service is available on android/ios app as well as through
website.
It has over 10,000 customers on their platforms and
connections worth 5crores of business value.
WEAKNESS
Lack of awareness among the Indian population regarding
online services provided by urban clap.
Lack of trust among the Indian population because it comes
under e-business.
The share of people in rural area is more than urban area
therefore it becomes difficult for u.c to reach the masses.
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OPPORTUNITIES:
Expansion of business:
By targeting other service lines company can increase their
revenues as well as it can have Economies of scale.
Expanding their Product categories:
This will increase their customer base & at the same time will
reduce the cost of acquisition and customer switch .
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VISION AND MISSION STATEMENT
Vision
To evolve and position the company as a world class,
progressive, cost effective andcustomer friendly company
providing services at home .
Mission
To provide excellent professionals and services and improve its
position as a leader in quality services.
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COMPANY’S VISION
UrbanClap's vision is to empower 1 million+ service
professionals to become micro service entrepreneurs.
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MARKETING SKILLS OF URBAN CLAP
1. SEARCH ADS
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4. THROUGH SOCIAL MEDIA INFLUENCERS
Urban Clap gives you easy access to its home services using
online website and through mobile application.
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FUTURE GOALS
All this shows how fast and willingly they are moving ahead.
With the ups and down in their path they have already achieved
biggest milestones.
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OBJECTIVES
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UrbanClap works on 2 software’s
SLACK
SHERLOK
SLACK
Slack is a cloud-based set of proprietary team collaboration
tools and services, founded by Stewart Butterfield N Slack
began as an internal tool used by his company, Tiny Speck in
the development of Glitch a now defunct online game. The
name is an acronym for "Searchable Log of All Conversation
and Knowledge". Slack was launched in August 2013.[18] In
January 2015, Slack announced the acquisition of Screen hero
In March 2015, Slack announced that it had been hacked over
the course of four days in February 2015, and that some number
of users’ data was compromised.
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longer using an IRC backend, Slack offers many IRC-like
features, including persistent chat rooms (channels) organized
by topic, private groups and direct messaging.All content inside
Slack is searchable, including files, conversations, and people.
On the free plan, only the 10,000 most recent messages can be
viewed and searched. Users can add emoji buttons to their
messages, which other users can then click on to express their
reactions to messages.
Messaging
Public channels allow team members to communicate without
the use of email or group SMS (texting). They are open to
everyone in the chat provided they have first been invited to
join the client. Private channels allow for private conversation
between smaller sects of the overall group.
SHERLOCK
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removed in the release of Mac OS X 10.5 Leopard in 2007.
Sherlock.urbanclap.com has a estimated value of $123,120. It
receives around 14,275 unique visitors per day and 85,650 daily
page views which may earn a revenue of $171.00/day from
different advertising sources. Alexa world traffic rank is 28,273
and Alexa India rank is 1,876. Page speed score of 28 out of
100.
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DATA PRESENTATION, ANALYSIS AND
INTERPRETATION
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On-demand home services marketplace UrbanClap saw its
operational revenues jump 309% to about Rs 45 crore in FY18
from about Rs 11 crore in FY17. Backed by Bessemer Venture
Partners and Vy Capital, the firm also managed to reduce losses
by 25% to about Rs 50 crore in FY18 from Rs 66.7 crore last
year .
April 2018 UrbanClap clock Rs 8.75 crore in operational
revenues with commission revenues at Rs 7.25 crore and
another Rs 1.5 crore worth of products sold to professionals.
“Our cost base has remained largely flat over the past two years
while we have seen steady and solid growth in business.
The aim is to build a large-scale business and hence UrbanClap
will continue to invest in growth. For Urban Clap, its operating
revenues comprise commission on services delivered and
revenues from sale of products with commissions forming
almost 85% of the pie. Commissions on services delivered
typically form about 10-20% of the ticket size across categories
with some categories, such as beauty, on the higher end of the
commission spectrum.
The company claims to have bagged 4,50,000 orders with an
average order value of Rs 1200-1500 in April alone, even as the
gross transaction value of services sold stood at about Rs 50
crore for the last month. UrbanClap has also managed to bring
down its monthly cash burn to under Rs 2 crore in FY18 from
about Rs 7 crore last year, Bhal claims.
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The firm also has cash reserves of about Rs 220 crore to further
invest in growth areas and build some of the less frequently
transacted categories. While beauty and appliance, are top
categories for UrbanClap.
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As per data of 100 customer fig-3 depicts that only 18% of
customer requested for female trainer and rest 82% of customer
want male trainer across Delhi Ncr. UrbanClap tries to increase
the demand of female trainer but due to unavailability of female
trainers in market UrbanClap fails to achieve its target, which is
to increase the demand of female fitness trainer.
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The 3 different categories of trainer are
Normal-
Female Trainer (7200/12)
Standard –
Male Trainer (6000/12)
Premium –
Male Trainer (8000/12)
The fig-3 shows that 18% of the customer requested for normal
trainer which is category for female trainer. 17% of the
customer requested for premium trainer which is a category of
male trainer in which the customer has to 8000 for 12 session
whereas the base charges are 6000 for 12 session.
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Depicts status of trials as before buying the package of 6000, 7200 &
8000. Customer placed a request for trail and he/she is been charged 99
rupees for that. Once the customer has booked the trail he/she has to just
wait till the time UrbanClap provides them a trainer according to their
needs and wants.
This fig shows that out of 100 trials only 59 can get completed, which
means 59% of the trials get completed and rest 41% of the trials get
cancelled. The reason for 41% of cancellation of trials are- sometimes
the customer places the request by mistake another reason is that the
customer needs to travel urgently, family issue and emergency is
another one of the main reason for trial cancellation, one of the biggest
issue that I face during my internship was that the customer was busy in
his work and time schedule.
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UrbanClap aims at reducing the trail cancellation ratio as it
reduces the revenue of company. And decrease in revenue
amount is a matter of great concern for any firm. So UrbanClap
aims at increasing the trial completion ratio and decreasing the
trail cancellation ratio.
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Depicts the satisfaction level of customer. In the above graph it
shows that Only 14% of respondents are very satisfied with
urban clap services while, 43% are satisfied and 43% are
neutral, Which means UrbanClap needs to deliver the services
more effectively and efficiently as they only have 14%
customers who are very much satisfied with their services.
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METHODOLOGY
RESEARCH DESIGN
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SOURCES FOR DATA COLLECTION:
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DATA COLLECTION
Data collection took place with the help of filling of
questionnaire. The questionnaire method has come to the more
widely used and economical means of data collection. I found
it essential to make sure the questionnaire was easy to read and
understand to all spectrums of people in the sample. It was also
important as research to respect the samples time and energy
hence the questionnaire was designed in such a way that its
administration would not exceed 4-5 mins. The questionnaire
was personally administered . The first hand information was
collected by making the people fill the questionnaire. The
primary data collected by directly interacting with the people.
The respondents were contacted at their workplace and home.
The data was collected by interacting with 100 respondents
consisted of house makers , students ,businessman
,professionals etc. The required information was collected by
directly interacting with these respondent
SAMPLE SIZE
I have targeted 100 people in the age group of 10-60 yrs for
the purpose of the research. The target population influences
the sample size. The target population represents the people
from Delhi Ncr and the people were from different
backgrounds. The details of our sample and data representation
are shown in chapter-3.
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SUMMARY & CONCLUSIONS
RESULT OF THE STUDY
50% of the company’s revenue is being generated by 2 services
i.e. Salon at home and Spa at home.
Out of 100 respondents 82 respondents preferred male trainer
and rest 18 respondents preferred female trainer.
Out of 100 respondents 65 respondents preferred Standard
trainer while 18 preferred Normal trainer and rest 17 preferred
Premium trainer.
59% was the trail complete ratio and 41% was the trail
cancelled ratio.
75% of the respondents were medically fit while 25% were not.
The above graph shows that 14% of respondents are very
satisfied with UrbanClapServices, while 43% are satisfied and
rest 43% are normally satisfied with UrbanClap services
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becomes difficult for the firms to cope up with the needs and
wants of customer.
Every customer has its own choices and preferences or we can
say choices and preferences differ from individual to individual
and that becomes challenging for the companies to provide right
quality and quantity of service at right time.
It is necessary for an organization to interact and communicate
with customers on a regular basis to increase customer
satisfaction. In these interactions and communications it is
required to learn and determine all individual customer needs
and respond accordingly. Even if the products are identical in
competing markets, satisfaction provides high retention rates.
For example, shoppers and retailers are engaged with frequent
shopping and credit cards to gain customer satisfaction, many
high end retailers also provide membership cards and discount
benefits on those cards so that the customer remain loyal to
them. Higher the satisfaction level, higher is the sentimental
attachment of customers with the specific brand of product and
also with the supplier. This helps in making a strong and
healthy customer-supplier bonding. This bonding forces the
customer to be tied up with that particular supplier and chances
of defection very less. Hence customer satisfaction is very
important panorama that every supplier should focus on to
establish a renounced position in the global market and enhance
business and profit.
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SUGGESTIONS
To provide right quality of service at right time.
To give good customer experience.
To provide luxury services at affordable prices.
Better pay scale to employees
Improve Social Media position.
To fix the price of the service as per the target population.
Customers feedback and suggestion should be given due
importance’s.
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LIMITATIONS:
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BIBLIOGRAPHY:
1) https://www.urbanclap.com
2) https://careers.urbanclap.com/
3)https://economictimes.indiatimes.com
4)https://yourstory.com/2015/04/urbanclap/
5)https://www.linkedin.com/
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