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Home Services Marketplace Urban Company raises $255 mn

7Jun By AdityaNo Comments

FUNDING

Home Services Marketplace Urban Company raises $255 mn

Bengaluru, 7th June 2021: Home services marketplace Urban Company raises USD 255 million in funding led by Prosus Ventures, Dragoneer, and Wellington Management. The series F round which also saw participation from Vy Capital, Tiger Global, and Steadview takes Urban Company’s valuation to USD 2.1 billion. The latest round includes a primary capital infusion of USD 188 million and a secondary sale of approximately USD 67 million by select angels and early investors, Urban Company CEO and co-founder Abhiraj Singh Bhal told Pixr8 News. He added that Urban Company has raised about USD 330 million in primary capital to date. Bhal said the funds will be used towards innovation, training, product development, enhanced quality control and safety measures for both partners and consumers. The...

Mumbai Based Home Services Startup Taskbob Shuts Shop

20Jan By AnkitaNo Comments

News

Mumbai Based Home Services Startup Taskbob Shuts Shop

Mumbai-based home services startup Taskbob has shut shop without specifying any particular reason. In an internal communication, Taskbob co-founder and CEO Aseem Khare said the company shut down its operations as of January 19 due to unforeseen circumstances. "...Due to unforeseen circumstances, Taskbob will be shutting down its operations as of 19th January. All the orders already placed in the system will be duly processed," he said. The number of employees impacted could not be ascertained. While Khare did not spell out the reason for the closure, he indicated that the company was unable to build scalability and profitability. "Even though, we could create a significant difference in customers', service providers' and teams' lives, a solid business is created only by buil...

Facility Management Major SBricks Acquires HomeCues.com

31Aug By PriyankaNo Comments

ACQUISITION

Facility Management Major SBricks Acquires HomeCues.com

SBricks (www.sbricks.com) is a facility management & home services start-up HomeCues (www.homecues.com) is into aggregation and providing professional household services The merger is an all-stock deal Entire business of HomeCues merges with SBricks The combined entity will be known as SBricks Castle Care Pvt Ltd acquired Hyderabad-based household services aggregation and facilitation company HomeCues (www.homecues.com). Homecues is a leading provider of facility management, home clean, laundry, repairs, and maintenance services. Announcing the merger, D Nithin Reddy, CEO of SBricks Castle Care Pvt Ltd, has said that the similarity in businesses of the two companies has provided an opportunity for the merger. The combined entity, foresees a g...

Ex-Google, SAP Executives Launch Home Inspection Services ‘HomeInspeKtor’

5Jul By Press Trust of IndiaNo Comments

News

Ex-Google, SAP Executives Launch Home Inspection Services ‘HomeInspeKtor’

Two former Google and SAP executives have joined hands to launch Home Inspection services in India and plan to expand the platform to North America, the UK, Singapore and the Middle-East. Phi Property Management Services (PPMS), that performs independent third party end-to end pre-delivery checks - inspection services in the Real Estate domain - has launched operations under the brand name "HomeInspeKtor" in Bengaluru with plans for other cities to follow. "Home Inspection service is a limited, non-invasive examination of the condition of a home/apartment/villa in connection with the sale/renting of that property," company's Chairman and COO B R Nagaraj said. As a first step, PPMS has partnered InterNACHI (the International Association of Certified Home Inspectors) in setting up the I...

UrbanClap, Industrybuying Tie Up to Offer Toolkits to Service Orofessionals

23May By AdityaNo Comments

BUSINESS

UrbanClap, Industrybuying Tie Up to Offer Toolkits to Service Orofessionals

UrbanClap, India's leading marketplace for trusted services has teamed up with leading B2B e-commerce platform Industrybuying for its service professionals to offer them toolkits at subsidized prices, catering to the plumbers, electricians, carpenters, and appliance repair technicians registered on the UrbanClap platform. Both company have seen significant interest from investors in their respective segments. While Industrybuying focuses on solving inefficiencies in industry supply operations and offer reliable procurement of industrial products, similarly UrbanClap is seeking to solve the problem of the unorganized services marketplace in India. "Industrybuying's emphasis on standard, reliable products is in line with our strong focus on providing high quality services. But, along w...

What Happens When Your AC Breaks Down in This Scorching Heat? You Call Them

2May By NitishNo Comments

Story

What Happens When Your AC Breaks Down in This Scorching Heat? You Call Them

The sun is blazing outside and the heat is unbearable. What happens when your AC decides to ditch you and breakdown in this scorching heat? What do you do in this situation? Scrambling for local directories to find AC repair services near your home is an obvious choice. But then, how reliable are the services or how trustworthy will the professionals turn out to be? Or, how soon will they come to your doorstep for the repair? These are some of the common questions that surface when we need professionals to manage our everyday household requirements. Enter ProHandz – Home Services. It is a 360-degree solution that offers 60+ professional services that include but are not limited to – Home Interiors, Home Exteriors, Home Maintenance, Celebrations, Training, Gadget maintenance, Automobile...

With 10,000 Orders Per day, TaskBob Raised $4 million From Ivy Cap Ventures

22Feb By AdityaNo Comments

FUNDING

With 10,000 Orders Per day, TaskBob Raised $4 million From Ivy Cap Ventures

February 22, 2016: TaskBob, a Mumbai-based Home services provider startup has raised Rs28 crore ($4 million) from Ivy Cap Ventures and existing investors Orios and Mayfield, according to a report in The Economic Times. Taskbob will use this fund to expand into other cities and boost growth. This is the first investment in the home services space by IvyCap Ventures’. “What we have done in Mumbai is to understand the backend and creating a playbook. The idea is to replicate this playbook across top four-five cities in one and a half years and reach 10,000 orders per day,” said Aseem Khare, CEO of Taskbob. “In Mumbai we want to be profitable at the unit level in the next one and a half years,” he added. Taskbob, which provides pre-screened service persons across a range of home se...

IIT Graduates Find a Convenient Way To Maintain Your Homes

8Feb By PriyankaNo Comments

Story

IIT Graduates Find a Convenient Way To Maintain Your Homes

All Indians have faced situations where we need urgent services for our homes, be it an electrician, a plumber, someone to look under the hood of the car or just clean our carpets. Usually, the process is tedious where we ask our acquaintances for references or go to the Yellow pages or Google it and take our chances. Then comes the agony of waiting for an unpunctual repairman and not knowing his reliability and background apart from his charges. Enough to send a shiver up the spine. The Solution: Aurospaces A Passionate IITian has brought the best of tech and built a common platform for a variety of services to ease the process of maintaining our homes and make it a pleasurable experience. With a deep understanding of what a common Indian goes through in accessing basic services, ...