Home cleaning startup TimeMyTask raises Angel funding.
This is the first round of external funding raised by the company,
TimeMyTask – which is in the same space as UrbanClap, Timesaverz, Taskbob, Housejoy, Zimmber – was founded in 2014 by IIT Bombay alumni Saurav Suman and Mohit Verma.
“We think that the professional home services (market) will see multifold growth in the coming years both due to changes in lifestyles as well income levels in major metros,” said Sushanto Mitra, Lead Angels.
Mumbai-based TimeMyTask Services Pvt Ltd, which runs online portal TimeMyTask.com, will use the money to expand to more suburbs in the city and to launch new technology applications.
“We have developed proprietary processes for cleaning. So, our customers get a fair estimate of what they need to get cleaned and what they are paying for,” said Suman.
“Further, we have developed a quick and efficient training module which can convert anyone into a professional cleaner in one week,” he added.
In the recent past, the on-demand home services space has seen a spate of investments as also consolidation events. Only this week, home services provider Zimmber acquired Findyahan India, a hyperlocal marketplace for services for an undisclosed amount.
Early this month, Amazon-backed Housejoy, an on-demand home services provider, bought laundry and cleaning company MyWash. In January, Gurgaon-based mobile services marketplace, UrbanClap, had acquired after-sales service platform HandyHome. In November last year, Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, had acquired Zepper Services Pvt Ltd.
This article was first published on DealStreetAsia.