× Business
TelecomHealthcareDigital MarketingERPRetailMedia and EntertainmentOil and GasFood and BeveragesMarketing and AdvertisingBanking and InsuranceMetals and MiningLegalComplianceCryptocurrency
Big DataCloudIT ServiceSoftwareMobileSecurityNetworkingStorageCyber SecuritySAPData AnalysisloTBio TechQuality AssuranceEducationE-commerceGaming and VFXArtificial Intelligencescience-and-technology
Cisco DATABASE Google IBM Juniper Microsoft M2M Oracle Red hat Saas SYMANTEC
CEO ReviewCMO ReviewCFO ReviewCompany Review
Startups Opinion Yearbook Readers Speak Contact Us

Kick start with the new app called ‘Qyk’

siliconreview Kick start with the new app called ‘Qyk’

Be it online shopping or booking tickets, bill payment or money transfer or home delivery for that matter, everything is possible in this era of digitalization and mobile apps. And this is quite obvious as people are becoming more technology savvy and computer literate. And who doesn’t like getting things done without having to run around but sitting at the comfort of their own home?

To make you even lazier a new app called Qyk is ready at your service. It is a one-stop market place where one can hire and opt for different kind of services.

There are over 100 categories of services available from photographers, event organizers, and interior designers to personal yoga tutors. According to Deepak Singhal, the Co-founder and CEO, all it takes is a few minutes of effort on the part of the customers and he/she gets connected to the best professionals.

Like most startups, the idea of Qyk was started from a personal experience. While planning for his wedding, Deepak was looking for a wedding photographer. It was very hard to get one. “I tried to find photographers online, but realized there was not enough information for me to make the decision. I ultimately spent around three weeks searching and finally found a good photographer,” says Deepak. And this is where the journey of Qyk started, a one-stop shop for all the services that a person may require.

Deepak and shobit were colleagues working for UrbanTouch. At the same time they were looking out for opening a new venture if their own. After brain storming with their mutual friends Sangharsh and Anubhav they came up with the idea of Qyk which was established in 2014.

The customer posts a request of the service they need along with their pin on the app, the request is then processed by answering a few relevant quotations. The team then contacts the professionals according to the requirements of the customers and gathers the quotations. The customer then has to choose one quotation out of the best three provided.

“We have grown from zero to over 100 requests per day in less than three months,” says Deepak. Qyk has dreams to reach 5000 requests per day across five cities in the next one year. The present revenue is based on commissions.

According to Deepak, Qyk’s secret sauce is their technology. He says that they built highly efficient algorithms to match service providers with customers, saving everyone’s time and effort. “We see this as a tech-led solution. We have a brilliant team and the right skill sets to make this happen,” adds Deepak.

The targeted market for Qyk is presently the metros and the young working professionals who like to get things done with a few clicks of their mobile are the target audience. Saving time and effort is their main mantra. Very soon the Tier-2 cities can avail this service as well.

Everything comes with certain shortcomings and the challenge for Qyk is that of verifications of the professionals. Still various in-house quality checks are carried out to help judge the eligibility of the enrolled candidates. Further to ensure that customers are provided with great service Qyk helps train the professionals.

In today’s life it is not possible for any household to take out time for repairs and other odd household errands. Globally there are many such apps and services at the customer’s rescue. However India is also not lagging behind. UrbanClap, Nanojobs, HereNow and Urbanpro are few service oriented apps that one can seek at the time of need.

Other than product manufacturers the service sector is contributing immensely to help develop the market place and in turn the economy of the country. This huge service market is believed to be approx USD 100 billion.

In April 2005, Accel Partners and SAIF Partners put in USD 1.6 million on UrbanClap.