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COOX raises 5,000 in seed round led by Inflection Point Ventures for expansion – Brand Wagon News
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COOX raises $125,000 in seed round led by Inflection Point Ventures for expansion – Brand Wagon News

COOX, an Indian platform providing on-demand home services, has raised $125,000 in a Seed Series funding round led by Inflection Point Ventures. The funds are expected to support COOX’s plan to expand its operational reach from 20 to 40 cities, increase its marketing efforts and improve its technology through the integration of AI to improve operational efficiency and scalability .

Founded in 2019, COOX offers over 10 on-demand services including professional chefs, bartenders, waiters, kitchen cleaners, appliance rentals, tableware rentals, event decoration, singers live and home cooks on a monthly subscription basis. COOX serves a range of customer needs, from home parties and weddings to corporate events, allowing users to book specific services such as chefs and other event staff through its platform.

“Managing daily responsibilities or organizing events often requires outside help for smooth management. A service provider like COOX that supports you both in daily tasks and in organizing events makes life easier, allowing individuals to relax and enjoy their time. Not only is it practical, but it also supports concert economy by creating employment opportunities in the hotel industry industry. Using technology, COOX modernizes home services and ensures that hosts can enjoy their events as much as guests. COOX aligns perfectly with IPV’s commitment to supporting technology solutions that have tangible impact,” said Vinay Bansal, Founder and CEO of Inflection Point Ventures.

Since its inception, COOX has served over 5 lakh customers across 20 cities across the country. India. The company has built a network of more than 3,000 trained and verified service professionals, enabling it to guarantee quality and consistency to its users. By maintaining a bootstrap model, COOX has achieved profitability, demonstrating a sustainable approach in the home services industry.

Inflection Point Ventures, which led this funding round, has invested over Rs 800 crore in over 260 startups to this day. COOX’s latest funding round marks another milestone in its efforts to capitalize on the growing demand for organized home service solutions in urban India.

“At COOX, we are committed to transforming the home services landscape through cutting-edge technology, ensuring seamless experiences for both customers and partners. Our goal is to not only provide exceptional service to guests, but also to create significant employment opportunities for gig workers in the hospitality industry. We passionately believe that “Hosts should enjoy as much as guests” and we work tirelessly to bring this vision to life, enabling every event to be a memorable and enjoyable experience. » Akshat Gupta, co-founder and CEO of COOX, said.

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