Top News

IIT-IIM startup Taskbob raises seed capital from Orios Venture, Mayfield

Taskbob, a hyperlocal mobile application-based startup that helps users fix their homes, has raised seed capital from venture capital firm Orios Venture Partners and early-stage venture capital firm Mayfield. 

The IIT-IIM startup Taskbob is based out of Powai and is rapidly expanding operations to other parts of the city, reports the Hindu Business Line.

Taskbob, a hyperlocal mobile application-based startup that helps users fix their homes, has raised seed capital from venture capital firm Orios Venture Partners and early-stage venture capital firm Mayfield. 

The IIT-IIM startup Taskbob is based out of Powai and is rapidly expanding operations to other parts of the city, reports the Hindu Business Line.

Gopal Modi, Vice-President, Orios Venture Partners, told the Hindu Business Line, “The customer is constantly struggling to get dependable utility services at home and is rarely able to get a vendor at his time and convenience. The business addresses this core pain point of the Indian household. We see this as a large addressable market of over 100 million households using TaskBob services at least three to four times a month.”

Aseem Khare, Founder and CEO, was quoted in the report as saying “There is a lack of reliable and convenient home services in India. Our vision is to fill that void by providing a modern household management service, with which we hope to rid consumers of the unreliability that currently exists in the sector.”

TaskBob aims to simplify the process right from finding a serviceman to ensuring the service is completed using an easy-to-understand mobile-app interface. While there are a few other start-ups trying to solve this issue, bigger players are also trying to explore the segment. Amazon has launched local services in the US and plans to bring it to India. The home-grown Snapdeal has also launched services such as plumbing and fixing in a few cities.

Nikhil Khattau, Managing Director, Mayfield India, added in the report that the use of mobile first technology to deliver on-demand, hyperlocal services, bring efficiency to the disorganised home services value chain.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close