Housejoy Raised Rs 150 Cr In Series B Funding

Online home services provider Housejoy has raised Rs 150 crore in series B funding round. The funding round was led by e-commerce giant Amazon.

Vertex Ventures, Qualcomm and Ru-Net Technology Partners and existing investors Matrix Partners India have also participated in the round.

Housejoy in a statement said that the raised funds will be used to grow and innovate the category with better enhanced technology to be used to help solve deep operational issues; strategic acquisitions, partnerships and to build the team.

“This is a significant milestone for Housejoy in its journey to become the most trusted home services brand in India. This round is a great validation of our growth, team strength and ability to execute in these short 9 months. We will be build out our team aggressively and are open to partner with companies in the ecosystem to deliver customer delight,” said Saran Chatterjee, CEO at Housejoy.

The company aims to be present in more than 10 cities and have 50,000 service providers on the platform to serve 100,000 jobs per day.

“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. We are excited to back the Housejoy team that shares our obsession for inventing on behalf of customers with a long term focus” said Amit Agarwal, vice president and country manager, Amazon India, in a statement released to media.

“The home services economy is set to inflect this year. Housejoy has established itself as an early leader in a hyper-competitive landscape by owning the end-to-end customer experience,” said Vikram Vaidyanathan, MD Matrix India.

Launched in January 2015, Housejoy has witnessed a rapid growth on a month-on-month basis and is currently fulfilling more than 4000 orders a day. They have partnered with more than 10,000 service providers across eleven cities on its platform, and have expanded to Chandigarh this month. Beauty services is one of the fastest growing verticals for Housejoy, which offers 13 categories currently.