Moneycontrol
Oct 13, 2017 03:25 PM IST | Source: Moneycontrol.com

Home maintenance services startup Gapoon raises USD 250,000 in pre-series A funding

The investment is led by Vida Ventures, other independent investors, and angel investors

Moneycontrol News 

Bangalore-based home maintenance services startup, Gapoon has raised USD 250,000 in a pre-series A round.

The investment is led by Vida Ventures, other independent investors, and angel investors.

“This investment will be used for new initiatives towards product and technology enhancements. In the coming months we are focused on penetrating deeper into market segments and replicate the success in other cities as well,” said Apoorva Mishra, Co-founder, and CEO of Gapoon.

He added, “While customers avail the benefits of our subscription product, the vendors earn up to 40 percent higher compared to other aggregators.”

Ankit Solanki, advisor at Vida Ventures said, “This round of investment will enable them to expand their lead in Bangalore and replicate their model in other demand hotspots across the country.”

The company has subscription packages offering annual maintenance cover for homes and businesses resulting in long-term partnerships with house owners, developers, property management aggregators, restaurants and retail outlets.

tags #Startup

Sections
Follow us on
Available On