16 March, 2016, Bangalore: Gapoon has completed its funding round successfully by raising a capital of US $150k. The funding was raised by the group of investors including entrepreneur and investor, Chandrashekar Tallapragada. The round also saw the participation from Pankaj Kapoor, a director at one of the world’s leading investment banks.
Floated in the market in 2015 by Apoorva Mishra, Ankita Asai, Ankit Bindal and Nikhil Gupta, company deals in providing solutions for all kinds home maintenance requirements. It operates an on-demand as well as subscription-based model for services such as home cleaning, electricians, appliance maintenance, plumbing, pest control and carpentry.
The company claims that currently, it has 1500 users enrolled for its subscription based service. The funds will be utilised in enhancing its technology and to spread its subscription based service model. Speaking about the raised funding, Apoorva Mishra, CEO, Gapoon, said, “This funding round gives us further strength to expand our service offerings to the entire city of Bangalore 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 of capturing the market across the country in coming months. We also hope to expand to new cities by the end of 2016.”