Company Name : HouseJoy
Funding Amount : 150 crores
Investor(s) Amazon, Vertex Ventures, Qualcomm, Ru-Net Technology Partners
Funding Round : Series B
Home services provider, Housejoy has announced a completion of INR 150 crores in series B round of funding from a consortium of investors. The round was led by Amazon and included new investors Vertex Ventures, Qualcomm and Ru-Net Technology Partners. Existing investors Matrix Partners India also participated.
The funds will be used to grow and innovate the category with better enhanced technology to be used to help solve deep operational issues; strategic acquisitions, partnerships and to build the team. The company aims to be present in more than 10 cities and have 50,000 service providers on the platform to serve 100,000 jobs per day.
“This is a significant milestone for Housejoy in its journey to become the most trusted home services brand in India. This round is a great validation of our growth, team strength and ability to execute in these short 9 months. We will be build out our team aggressively and are open to partner with companies in the ecosystem to deliver customer delight” Saran Chatterjee, CEO at Housejoy
Launched this January, Housejoy has been growing at a rapid pace on a month-on-month basis and is currently fulfilling more than 4000 orders a day. They have partnered with more than 10,000 service providers across eleven cities on its platform, and have expanded to Chandigarh this month.