Hyperlocal Mobile Application Startup, Taskbob Raises $1.2 Million from Orios Venture and Mayfield

Bangalore: A Mumbai- based mobile only home service startup, Taskbob raises $1.2 million funding from Orios Venture Partners and Mayfield - early stage venture capital firms, which will be employed to expand its extent in other parts of the city. The investment was led by Orios Venture partners. Last year, Taskbob has secured $50 million from a serial investor Rehan Yar Khan.

Taskbob was founded in 2014 by IIT Bombay graduates, Aseem Khare and Abhiroop Medhekar to offer instant home services by sending pre-screened, verified and skilled professional serviceman to customers’ doorstep to fix their household appliances such as Washing machine, air conditioner, refrigerator, computer and many others.

To choose the best skilled servicemen in the locality, the firm takes referrals of friends and fellow users. In addition, it promises to pay back the amount if the customer is dissatisfied with the service. Currently, the firm is operating in around Powai, Mumbai and anticipated to expand its operation to other parts of the city.

Mayfield India focuses on early stage & growth stage investments in Information Technology. Mayfield made various investments in companies such as Centum Learning Limited, matrimony.com Pvt. Ltd., Tejas Networks, the Beef Café and many others. In recent days, it invested in Amagi Media Labs and Simplilearn.  

Founded in 2010 by Rehan yar Khan, Orios Venture Partners focuses on early investments in Internet, Mobile and Software companies and invested in 15 companies such as, Olacabs, Jigsee, Druva – security software maker and many others.

Gopal Modi, Vice President, Orios Venture Partners says “The customers are struggling to get the instant utility services now a day. The business addresses this pain of households. We see this as a large addressable market of more than 100 million households using Taskbob services at least four times a month”.

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