#Asia Amazon leads US$22.4M Series B funding in India’s Housejoy


Other investors are Matrix Partners, Vertex Ventures, Qualcomm and Russia’s ru-Net

Housejoy Co-founders Arjun Kumar and Sunil Goel

Housejoy Co-founders Arjun Kumar and Sunil Goel

Bangalore-based on-demand home services startup Housejoy has raised INR 150 crore (US$22.4 million) in Series B round of funding, led by e-commerce giant Amazon.

Existing investor Matrix Partners, along with Temasek Holdings’ VC arm Vertex Ventures, chip maker Qualcomm and Russian VC fund ru-Net Technology Partners, also joined the round.

The investment will be used to grow and innovate the category with better enhanced technology, build the team, make strategic acquisitions and also to partner with new service providers.

Also Read: Experience Housejoy with this on-demand services startup

“This is a significant milestone for Housejoy in its journey to become the most-trusted home services brand in India. We will be building out our team aggressively and are open to partner with companies in the ecosystem to deliver customer delight,” said CEO Saran Chatterjee.

Launched in January 2015, Housejoy is an online aggregator of services such as plumbing, electrical, home cleaning, pest control, laundry, appliance repairs, electronic gadget repairs, fitness and beauty services for women. It also handles laundry and dry cleaning, with pickup and delivery services.

The firm is further expanding its portfolio into automobile servicing, on-demand drivers, cooks, house helps and nannies.

Housejoy claims it currently fulfils more than 4,000 orders a day, and has partnered with more than 10,000 service providers across 11 cities, including Delhi, Mumbai, Bangalore, Pune, Ahmedabad, Surat, Jaipur, Hyderabad, Chennai and Chandigarh.

It now aims to expand into more cities and partner with 50,000 service providers to serve 100,000 jobs per day.

Also Read: Home services in great demand in India but low frequency dogs startups

In July this year, Housejoy had raised US$4 million in Series A funding from Matrix Partners.home-service-690

“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,” said Amit Agarwal, Vice President and Country Manager at Amazon India.

India, being the fastest-growing market in the world, has been seeing a huge demand for home services over the past one year or so. Customers, especially in metro cities, are now largely depending on on-demand players for home services.

Investors have already poured millions of dollars into over a dozen startups across seed and Series A stages since the start of this calendar year alone. Other leading players are Taskbob, Zimmber, Timesaverz, Doormint and UrbanClap.

Image Credit: Denphumi/Shutterstock


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