On demand hyper-local home services facilitator Taskbob has acquired its peer Zepper. The financial details of this deal has not been revealed yet. However, as confirmed by Taskbob Founder and CEO Aseem Khare, it is “a merger of assets deal” and Zepper will shut down its services.
Taskbob is currently operational in Mumbai and processes around 700 orders a day, as claimed by the company. This deal would help the company to penetrate into Bengaluru for home utility services. “We are planning to launch operations in Bengaluru in a month, and this deal gives us 300 service men and 2,500 customers,” said Khare.
In April, Taskbob had raised $1.2 million led by Orios Venture Partners with participation from Mayfield Fund.
Zepper was founded in October 2014 by Akash Goel and Zia Arif along with former Goldman Sachs equity analyst Danish Arif.
This acquisition by Taskbob is the first ‘consolidation move’ made by a hyperlocal home services provider. As per a Tracxn report as given below, the home services industry in India is evolving very fast with around 69 startups founded in 2014, and the number is increasing rapidly with time. To name a few, HouseJoy, UrbanClap, TaskMitra, Mr.Right, Findyahan, Doormint, Qyk, UrbanPro, Zimber etc., are competing fiercely with each other in this space.