Home services start-up Gapoon raises angel funds1 min read . Updated: 15 Mar 2016, 09:28 PM IST
Gapoon to utilise funds to concentrate on growing its subscription-based services
Bengaluru: Home services start-up Gapoon Online Consumer Services Pvt. Ltd on Tuesday said it has raised 1.2 crore in angel funding.
Bengaluru-based Gapoon, founded in 2015, earlier raised an undisclosed amount in angel funding in July.
It operates an on-demand as well as subscription-based model for services such as home cleaning, electricians, appliance maintenance, plumbing, pest control and carpentry.
There are close to 80 start-ups in the home services space in India providing electricians, plumbers, fitness trainers, photographers and even wedding planners, among other services.
Gapoon said it will utilise the funds to concentrate on growing its subscription-based services, which offer the firm a steady revenue and reduce customer-acquisition costs.
“With multiple start-ups emerging in the service industry, Gapoon shows a much more promising solution by pioneering a subscription-based model and focusing on service quality. This funding round will help them consolidate their position,’’ Chandrasekhar Tallapragada, an angel investor who participated in the current funding round, said in a statement.
“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 of capturing the market across the country in coming months. We also hope to expand to new cities by the end of 2016," said Apoorva Mishra, chief executive officer, Gapoon.