Bussiness Ideas

ServiQ is a technology-driven hyperlocal marketplace that transforms how users discover, connect with, and transact with local service providers and businesses in their neighbourhood. The core problem is that local service discovery today is fragmented — users rely on static listings (Justdial, Google), word-of-mouth, or WhatsApp groups, all of which lack real-time availability, trust validation, and seamless booking. Service providers, especially small businesses like electricians, plumbers, repair shops, and local stores, struggle with digital visibility and customer acquisition despite being in high-demand categories. ServiQ solves this by building a unified real-time ecosystem. Users can browse verified nearby vendors, check live availability, chat instantly, and book services — all within a single platform. An AI-driven recommendation engine personalises results based on location, past behaviour, and service urgency. For vendors, ServiQ provides digital storefronts, customer engagement tools, and analytics — empowering them to grow beyond traditional word-of-mouth dependence. The business model is multi-pronged: a commission on each successful transaction, subscription plans for vendors (premium visibility, lead generation tools), and promoted listings. The platform is currently in early traction, having been validated in a metro market with real users and vendors. The go-to-market strategy is city-by-city, starting with Delhi NCR and expanding to Tier-1 and Tier-2 cities. The total addressable market is India's hyperlocal services ecosystem valued at over ₹1,20,000 crore. ServiQ is DPIIT-registered, incorporated as a private limited company, and backed by a founding team with strong technology, operations, and financial expertise. The current focus is on completing the web and mobile app development, onboarding vendors, and achieving product-market fit for the seed stage.

Startup Teams

• 1 Rishabh Shukla (Director)
• 2 Chakori Chaturvedi (Director)

Incubation Details

• Incubator Name
  IIMT LADDER BUSINESS FOUNDATION
• Incubator Host Institution
  IIMT LADDER BUSINESS FOUNDATION
• State
  Uttar Pradesh
• City
  Gautam Buddha Nagar