mrUsta Secures AED 2.75 Million Pre-Series A Funding
mrUsta, Dubai’s online services marketplace, successfully closed a AED 2.75 million pre-series A funding round. Investors include Precinct Partners, Millennial Partners & Co., and angel investors from Saudi Arabia and Egypt. This comes on the heels of its AED 1.2 million seed funding in August 2015. The financing will be used to accelerate growth, to expand the platform to key regional markets, and to hire new team members.
Founded in 2014, mrUsta is an online marketplace that connects service providers (‘Ustas’) to customers in need of their services. The Ustas pay a fee to contact the customers and send them quotes. The marketplace, which is enabled by a user-friendly website and apps (iOS and Android), is easy to use for both customers and service providers. With no middlemen and no fees, customers can directly and efficiently communicate with service providers to finish all their tasks from painting their homes to moving to cooking and mowing the lawn.
mrUsta has been awarded with a host of recognitions ever since its launch, including, amongst others, placing fifth on Forbes Middle East 50 UAE Startups to Watch list and more recently was recognized with the Life Admin App award at the Shortlist Dubai App Awards.
Currently, the marketplace has 10,000 customers a month and over 6000 active Ustas across 300 categories.
“We have a passionate and talented team prepared to utilize this capital to continue to improve and grow our marketplace for both customers and service providers.” said Ibrahim Colak, mrUsta’s Co-Founder and CEO.
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