The Bengaluru-based startup, Gapoon, which offers home maintenance services in both on-demand and subscription model, has secured close to $180K from a group of investors, including entrepreneur and investor, Mr. Chandrashekar Tallapragada.
Pankaj Kapoor, a director at one of the world’s investment banks, also participated in this round.
Gapoon was founded in 2015 by Apoorva Mishra, Ankita Asai, Ankit Bindal and Nikhil Gupta, with the aim of providing a one-click, one-stop solution for all home maintenance requirements. The company received its first found of angel funding in July 2015.
Gapoon intends to use the new funds to consolidate their presence in Bengaluru, particularly in its subscription-based model.
Apoorva Mishra, Founder & CEO at Gapoon says,
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 to capture the market across the country in coming months. We also hope to expand to new cities by the end of 2016.
Chandrasekhar Tallapragada said,
This funding round will help them consolidate their position. We are really impressed by the team’s ideology, perseverance & vision for the industry. When everyone is focusing on expansion, big news & funding, team Gapoon’s meticulous approach towards operations, service delivery with a long-term vision for the service industry is incredible.
As for Gapoon, the startup will join the likes of several other early-stage, investor-backed ventures in this field like Fixy, HandyHome, Workhorse, Bro4U among others.