TaskBob, Indian home services startup raises $4.5 Million

By | February 23, 2016
taskbob funding

TaskBob, India bases home services startup has raised $4.5 Million in Series A round from a bunch of investors. The investment round was led by IvyCap Ventures. The round also saw participation from existing investors like Orios and Mayfield.

Taskbob, owned and operated by Crenovative Ideas Pvt. Ltd, was founded by Aseem Khare, Abhiroop Medhakar, Amit Chahalia and Ajay Bhat. It provides home based services such as home-cleaning services, drivers, electrical appliances repair, plumbing works, at-home beauty services as well as maid on demand. The company handpicks 10-15% of the total available service providers to maintain the level of quality provided to the customers, COO of TaskBob, Abhiroop said.

With the raised funds, the company is looking to expand the reach across more geographies and in more categories. Recently, it made an acquisition by acquiring Zepper, a Bangalore based competitor working in the same sector. After the acquisition, it claims to have over 100,000 users in Mumbai alone.

In the next couple of years, it aims to complete at least 10,000 orders per day along with reaching a profitable stage. It plans to launch in Bangalore in next couple of months and further in 4-5 more cities in the time to come.

Speaking on this development, Vikram Gupta, Founder and Managing Director of IvyCap Ventures expressed his happiness over partnering with TaskBob and added that home service is a big market. He further added that he believes that TaskBob has an amazing work-model and business model going forward.