Housejoy Raises Rs. 150 crore funding, Amazon leads the round

Housejoy Raises Rs. 150 crore funding, Amazon leads the round

Housejoy Raises Rs. 150 crore funding, Amazon leads the round

Bengaluru, India | Red Newswire | Dec 16, 2015 Last Updated at 12:27 PM IST.

Housejoy, the home services startup has raised Rs. 150 crore funding with amazon beings it main investor. Amazon lead the funding round along with other investors including Qualcomm, ru-Net technology Partners and Vertex Venture Partners and its existing investor Matrix Partners. Matrix invested Rs. 25 crore last year.

With this deal, the US-based online retailer will enter into the local home services market of India. The same kind of service is being offered by the company in US by the name of “Amazon Home Services”. Amazon was in talks to invest in Housejoy since the last two months.

Amit Agarwal, VP of Amazon India said, “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.”

Amazon recently backed other startups including BankBazaar and QwikCilver Solutions.

Housejoy was started by Arjun Kumar (BookAdda founder) and Sunil Goel (former TutorVista Head of Operations) last year.

The company said in a statement that the funding will be utilized in strategic Acquisitions and partnerships apart from technology. Housejoy is partners with 10,000 service providers and caters up to 4000 requests per day. The company plans to connect to 50,000 service providers and cater to 100,000 requests per day.

Source: ET Bureau