After raising $4 million in Series A funding from Matrix Partners in June, Bengaluru-based on-demand home services marketplace Housejoy has now raised $22.5 million in series B round of funding from a consortium of investors. The round was led by Amazon and included new investors Vertex Ventures, Qualcomm and Ru-Net Technology Partners. Existing investors Matrix Partners India also participated.
The funds will be used to grow and innovate its services category to help solve operational issues. The capital will also be used for strategic acquisitions, partnerships and to build the team. The company aims to be present in more than 10 cities and have 50,000 service providers on the platform to serve 100,000 jobs per day.
Launched this January by Arjun Kumar and Sunil Goel, Housejoy is currently fulfilling more than 4000 orders a day. The company have partnered with more than 10,000 service providers across eleven cities on its platform, and have expanded to Chandigarh this month.
Housejoy provides on-demand house cleaning service as well as also offers in-house computer repairs, beauty treatments, bridal services, maintenance and home repairs.
Commenting on the deal, Amit Agarwal, Vice President and Country Manager, Amazon India said, “Housejoy seeks to provide customers with a differentiated experience in shopping for home services. This aligns with our mission in India – to transform the way India buys and sells.”
Housejoy’s competition includes, LocalOye, Near.in, UrbanPro, UrbanClap, Taskbob, Zimmber and Qyk.Category Investments News