A company set up by university graduates that aims to make household tasks requiring a serviceman in India easier to manage has raised R75m ($1.2m) in seed funding
Taskbob, an India-based home service company, has raised R75m ($1.2m) in seed funding.
The funding comes from a consortium including India-based venture capital firm Orios Venture Partners and India-based investment company Mayfield India.
Taskbob allows users to use their smartphone to hire background-checked and certified servicemen. The company has created pre-agreed standardised service rates so customers know what they need to pay for each service.
The company was created by graduates from Indian Institutes of Technology, Indian Institutes of Management, National Institute of Design and St Stephen’s College.
Aseem Khare, chief executive and founder of Taskbob, said: “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.”
Gopal Modi, vice-president of Orios Venture Partners, said: “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.”
