Home services provider OkSir in talks to raise $20 million in Series A funding(Published By Deal Street Asia)

Thursday, 14 January 2016 05:59

Mumbai-based OkSir 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.

OkSir 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, OkSir 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.

View Source: https://www.dealstreetasia.com/stories/homes-services-provider-ok-sir-in-talks-to-raise-around-20m-26967/