SayFix, a service-commerce startup in the home services segment, has raised Rs.1.1 crore ($160 K) in an angel round led by a group of serial investors and entrepreneurs.
The raised fund will be used to develop and enhance the technology infrastructure behind SayFix and invest in marketing activities to build the brand. The company aims to serve 1,00,000 customers across 5 metro cities within a year.
Launched in June 2015, SayFix, a Bangalore based start-up, offers services ranging from maintenance and home repairs to plumbing, electrical services, home cleaning and car care. The company has offered its services to more than 12,000 customers with penetration in 1,000+ apartment complexes in Bengaluru alone. The company’s leadership team includes seasoned professionals and serial entrepreneurs with an IIT/IIM/NIT background.
Talking about the angel funding, Nabin Roy – Founder and CEO of SayFix said, “This is an important milestone for SayFix in its endeavour to become India’s largest Service Commerce Company by 2020 generating $1 billion in Gross Transaction Value (GTV) and serving 1 million customers.”
Two days back, home services startup Taskbob also raised $4.5 million in Series A round of funding. Some of other competitors which are operating in the same space include, LocalOye, Zimmber, MrRight, Urban Pro, LocalOye, Near.in and TimeSaverz.