India Dealbook: EasyFix raises funds from Axilor; Shopclues co-founder invests in Wydr

Visual sourced from EasyFix website

Gurgaon-based EasyFix, a maintenance and repair services company, has raised an undisclosed amount in first round of institutional funding from Axilor Ventures, while Wydr, a mobile based wholesale marketplace platform, has secured angel funding from ShopClues co-founder and Droom founder Sandeep Aggarwal.

Home services provider EasyFix secures funds from Axilor Ventures

Gurgaon-based EasyFix Handy Solutions India Pvt Ltd, a maintenance and repair services company, has raised an undisclosed amount in the first round of institutional funding from Axilor Ventures to expand its pan-India footprint.

EasyFix plans to utilise the new investment to expand its geographical reach to 15 cities.

Founded by Shaifali Agarwal Holani in June 2011, the company extends maintenance and repair services from carpentry and plumbing to electrical work and AC/refrigeration servicing for homes and offices.

“We’ve been running the business profitably on our own for 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,” Agarwal Holani said.

“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,” she added.

Axilor Ventures, founded by S. D. Shibulal, S. Gopalakrishnan, Prof. Tarun Khanna, Srinath Batni and Ganapathy Venugopal, is a business incubator. The investment is made by the individual funds of Axilor’s founders.

Shopclues co-founder invests in marketplace platform Wydr

Wydr, a mobile based wholesale marketplace platform, has secured an undisclosed amount in angel funding from ShopClues co-founder and Droom founder Sandeep Aggarwal.

The company is also in talks with investors for another funding round of $2 million, the company said in a statement.

Started by one of the ShopClues founding team member Devesh Rai, Wydr aims to make the wholesale buying and selling experience organised through features such as real time catalogue sharing, network building, deal discovery and chat-enabled features, among others.

“The wholesale segment controls pretty much the entire distribution within India, and yet there have been no innovations that could overcome the challenges associated with the sector,” said Wydr founder Devesh Rai.

“With Wydr, we are trying to create a unique platform that caters specifically to the demands of the Indian wholesale market and address three fundamental needs – speed of business, trust, and transparency,” he added.

The startup is targetting the $300 billion worth wholesale market which has millions of wholesalers and more than 14 million retailers in play.

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.