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
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.