New Delhi, Oct.1 (ANI): Gurgaon-based EasyFix Handy Solutions India Private Limited, a pioneering maintenance and repair service company, has announced that its has raised its first round of institutional funding to expand its pan-India footprint.
The first round of funding of an undisclosed value, it said, has come from Axilor.
EasyFix provides repair and maintenance services for carpentry, electrical work and plumbing at homes and offices.
It was born out of a deep-seated need felt by founder Shaifali Agarwal Holani to regularise the market at a time when the space was significantly underserved.
Architected as a’One Call Home Repairs Service’, at the core of the EasyFix business model is the belief that one call is all it takes for a customer to get his or her household maintenance problems resolved with professional expertise.
On the Axilor funding, Ms Agarwal Holani says: “We’ve been running the business profitably on our ownfor a fairly long time. We see a huge untapped potential for growth. This also made us realise that raising capital will help us scale up faster and better. Axilor is the right investor to take us through to the next stage of our growth trajectory.”
The investment is through Axilor’s early stage funding program.
Axilor Ventures is a business incubator set up to improve the odds of success of entrepreneurs and early stage companies and was founded by S. D. Shibulal, S. Gopalakrishnan, Prof. Tarun Khanna, Srinath Batni and Ganapathy Venugopal. The investment is made by the individual funds of Axilor’s founders.
The home repairs and maintenance space is a complex business that requires expertise in execution and deep knowledge of the industry. Most of the new companies in this business are generic marketplaces which provide everything, from guitar tutors to electricians.
EasyFix plans to utilise the new investment to expand its geographical reach to 15 cities.
“Demand is not a problem for us. We have a huge pipeline of unmet demandscoming from existing customers and from cities we are yet to reach. Our prime focus is going to be to improve execution and tech capabilities so that we can raise the bar on delighting our customers and partners. We plan to invest in growing our field professional network from 2,000 to 5,000 strong, and tech-enabling them to ensure the home repairs experience is as close to the ‘Uber’ experience as possible,” Ms Agarwal Holani adds.
Launched in June 2011, EasyFixis a pioneering maintenance and repair service company for homes and offices. Its core business model operates as a ‘One Call Home Repairs Service’to resolve household maintenance problems with professional expertise, complete reliability and convenience. From carpentry, plumbing, electrical work, AC/Refrigeration servicing to complete bathroom or home remodelling, it has revolutionised the industry through its investment in technology and training, quality of services, sustainable solutions, trustworthiness, transparency, and meticulous and intensive execution.
Funded by investors like ChannelPlay and Axilor Ventures, the company enjoys a high satisfaction rate from the 550,000 houses it has serviced in five years since its inception. It has ushered regularisation in the unorganised industry with over 2,500-strong pool ready to attend customers round-the-clock.