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Home Business

Zimmber raises Rs 12.8 cr in fresh funding round

by Dipti Gore
July 29, 2015
in Business, News
Reading Time: 2 mins read
0
Zimmber raises Rs 12.8 cr in fresh funding round
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Zimmber
Mumbai, Jul 29 (PTI) : On-demand home services marketplace Zimmber today said it has raised Rs 12.8 crore in a pre-series A funding round led by IDG ventures and Omdiyar Networks.

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Sherpalo Ventures, founded by former Google board member Ram Shriram, and TV Mohandas Pai’s Aarin Capital participated in the round, the company said in a statement.

Earlier last month, the company had raised Rs 2.5 crore (around USD 400,000) from Bengaluru-based InMobi’s co-founders Naveen Tiwari, Mohit Saxena and Amit Gupta, along with chief product officer Piyush Shah, and Manish Dugar who were also involved in the funding round.

Prior to this, the firm had raised an undisclosed amount from a clutch of angel investors including Praveen Sinha, co-founder and managing director of online fashion retailer Jabong; Vivek Khemka of Egon Zender; Satyam Bansal of Flipkart and Alex Kuruvilla of Conde Nast, it said.

Started in October 2014, by Anubhab Goel, Amit Kumar and Gaurav Shrivastava, Zimmber offers services across nine main categories — Home SPA, Laundry, AC servicing, Plumbing, Electrical Repair Services, Pest Control Services, Painting Services, Carpentry Services.

“We are growing in all three spaces — city, category and product. The funds received will be used to add more categories, develop our technology and expand to other tier I, II and III cities. We plan to enter 37 new cities and also expand to 20 categories by early 2016,” Anubhab Goel, chief executive and Co-Founder, Zimmber said.

Zimmber is present in Gurgaon, Mumbai and Pune and soon expanding to entire National Capital Region and Navi Mumbai, the company said.

It has over 400 service providers enrolled on their platform. It is also expanding its core team of 70 members, and is hiring across levels, it added.

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