Company Name : Gapoon
Funding Amount : Rs 1.2 crore
Investor(s) Chandrashekar Tallapragada, Pankaj Kapoor.
Funding Round : Angel round
Gapoon offering home maintenance services has secured funding of INR 1.2 crore from a group of investors, including entrepreneur and investor, Chandrashekar Tallapragada.
Pankaj Kapoor, a director at one of the world’s investment banks, also participated in this round.
Bangalore based Gapoon was founded in 2015 by four IIT-graduates, Apoorva Mishra, Ankita Asai, Ankit Bindal and Nikhil Gupta, with the aim of providing solutions for all home maintenance requirements. The company received its first found of angel funding in July 2015.
Gapoon intends to use the new funds to consolidate their presence in Bangalore, particularly in its subscription-based model.
Apoorva Mishra, Founder & CEO, Gapoon said, “This funding round gives us further strength to expand our service offerings to the entire city of Bengaluru in a stronger manner. We intend to focus on growing our subscription-based model. We are also working on service portfolio expansion. We are confident to capture the market across the country in coming months. We also hope to expand to new cities by the end of 2016.”