This investment will be used for new initiatives towards product and technology enhancements and to penetrate deeper into market segments.

Home services start-up Gapoon raises 250000 in pre-series A funding
Atom Fund Raising Friday, October 13, 2017 - 18:38

Bengaluru-based home maintenance services start-up, Gapoon Online Consumer Services has raised $250,000 in a Pre-Series-A round. The investment is led by Vida Ventures and other independent and seasoned investors including Snehal Mantri, Anshu Bahadur, partner at Cognizant and angel investors from their previous round Pankaj Kapoor, Director at one of the leading investment banks and Chandrasekhar BV a veteran in the telecom industry.

Founded in 2015 by  Apoorva Mishra, Ankita Asai, Ankit Bindal and Nikhil Gupta, Gapoon is a one-stop shop for maintenance services. The company has pioneered 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.

It also operates on an on-demand basis for handymen services like plumbing, electrical, deep cleaning, pest control, mason/civil work etc.

"This investment comes at a crucial point when Gapoon is very close to achieving net profitability while maintaining the growth targets. 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, Gapoon.

At Gapoon, Aproova claims that vendors earn up to 40% higher compared to other aggregators while customers remain the beneficiaries of the subscription product. Gapoon also offers year-long warranty on all services

Lead investor, Ankit Solanki, Advisor at Vida Ventures said, “We have always believed in the opportunity in the on-demand and subscription-based services for property maintenance. It was a question of finding the right balance. Gapoon’s technology optimizes all elements of the equation, which are cost of acquiring supply, clients and the cost of servicing clients. This round of investment will enable them to expand their lead in Bengaluru and replicate their model in other demand hotspots across the country.”

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