Info-tech

Zimmber raises $2 mn from IDG Ventures, Omdiyar Networks

Priyanka Pani Mumbai | Updated on January 24, 2018 Published on July 29, 2015

On-demand home and local services marketplace Zimmber has raised around $2 million in fresh funding from IDG Ventures and Omdiyar Networks.

The new round also saw participation from Ram Shriram, founding board member of Google through Sherpalo Ventures, V Mohandas Pai, Chairman of Manipal Global Education & ex-Member of Board of Directors of Infosys through Aarin capital, the company said in a release.

Earlier last month, Zimmber had raised, $400,000 (around Rs 2.5 crore) 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, Zimmber had raised an undisclosed amount across rounds from a group of angel investors, a list that includes, 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.

Started in October 2014, by Anubhab Goel (CEO and Co-Founder), Amit Kumar (COO and Co-Founder),Gaurav Shrivastava (CTO and Co-Founder), one can hire services in Zimmber across nine main categories- Home SPA, Laundry, AC servicing, Plumbing, Electrical Repair Services, Pest Control Services, Painting Services, Carpentry Services. Recently launched services Laundry and Drivers.

Zimmber is currently present in Gurgaon, Mumbai and Pune and soon expanding to entire NCR and Navi Mumbai. They have 400+ service providers enrolled on their platform. Zimmber team is expanding as well with more than 70 employees already on board and is hiring aggressively across levels. They recently appointed Siddhartha Shrivastva as Chief Product Office who spent around a decade with Aditya Birla group.

This sector has received great VC interest in India, with more than 69 startups in this space being founded alone in 2014, however only few of them seen a real traction and are expected to move to next stages. The opportunity in India is estimated to be as high as $4 billion, which is set to explode as the ventures tap into the tier 2 and tier 3 cities.

Anubhab Goel, CEO and Co-Founder, Zimmber said, “ The problem that we are trying to solve, is basically organizing the extremely fragmented local services marketplace. Trusting servicemen with local services is a very big problem that the consumer faces today. Hence, by training these people, whom we call Champs in our vocabulary, Zimmber is trying to solve the existing problem. We are growing in all 3 spaces : City , Category, Product ; The funds received will be used to add more categories, develop our technology and expand to other tier 1, 2 and 3 cities. We plan to enter 37 new cities and also expand to 20 categories by early 2016. We are growing 2X week on week and would want to carry on that trajectory for next few months”

Published on July 29, 2015
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