India: Homes services provider OK Sir in talks to raise $20m Series A round

Mumbai-based OK Sir E-commerce Pvt Ltd, which provides home services through its portal oksir.com, is in talks with institutional investors to raise around $20 million in Series A funding, according to a PTI report citing company’s founder Arun Kapoor.

OK Sir already provides its services in Mumbai, Delhi and Pune and plans to use the money for its expansion to other cities. It is all set to launch its services in Bangalore by January 25, 2016.

The platform provides over 150 services including chauffeurs, tutors, travel, events, finance/ legal, healthcare, housekeeping and others.

Founded by Arun Kapoor, who also founded GadgetsGuru in 2004, OK Sir has planned its launch in Hyderabad, Chennai, Kolkata, Goa, Ahmedabad, Jaipur, Indore and Chandigarh in a phased manner following its Bangalore launch.

Some of the key players already operating in the country’s home services space include Amazon-backed Housejoy, UrbanClap and Sulekha.

Recently, Housejoy also raised nearly $23 million (Rs 150 crore) in series B round of funding led by e-commerce company Amazon. The startup claims to be growing at a rapid pace on a month-on-month basis and is currently fulfilling more than 4,000 orders a day.

Also Read: India: Local-service startups UrbanClap, Housejoy, QuikrServices to battle for dominance
India: Amazon leads $23m funding in Housejoy
Online classifieds portal Quikr plans to invest $38m in Indian home services space

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.