COOX, a home service booking platform, has raised $125,000 in a Seed funds round led by Tipping Point Companiesa Gurugram-based angel investment firm.
The startup aims to deploy funds for city expansion, doubling its current presence to 40 cities, while also increasing marketing activities and integrating AI to strengthen its technology and streamline operations.
COOX offers
COOX operates a platform for booking home delivery services such as professional chefs, home cooks, bartenders, waiters, cleaners, appliance rental, tableware rental, ingredient delivery, event decoration and live singers for occasions such as house parties, weddings, corporate events and more. .
As of 2019, the startup claims to have served over 5 lakh customers, offering a variety of over 15 cuisines and over 500 dishes, from Indian to Continental.
With more than 3,000 trained professionals, its goal is to modernize home services through technology and create jobs for workers in the hospitality and events sector. Their vision is: “Hosts should enjoy themselves as much as guests.”
Who are the founders?
Akshat Gupta, Co-Founder and CEO, holds an MBA from IMT Hyderabad and brings over 10 years of experience working with both startups and multinational corporations.
Abhishek Gupta, Co-Founder & CMO, is an MBA graduate from IMT Ghaziabad with over 6 years of experience in marketing and operations with startups and MNCs.
Rajat Johri, Co-Founder and CTO, has a Bachelor’s degree in Technology from KIET and over 8 years of technical and leadership experience.
COOX market presence
COOX said it operates across 20 cities in India and offers a diverse range of over 10 on-demand home party and event hosting services.
These services include professional chefs, bartenders, waiters, kitchen cleaners, ingredient delivery, appliance rentals, tableware rentals, event decorations and live singers.
Additionally, the startup offers a monthly subscription service for home cooks. This comprehensive set of home services encompasses both kitchen solutions and event planning, catering to diverse customer needs and preferences.
“At COOX, we are committed to transforming the home services landscape through cutting-edge technology, ensuring seamless experiences for both customers and partners,” said Akshat Gupta.
“Our goal is to provide not only exceptional service to guests, but also to create significant employment opportunities for workers in the hospitality industry. We passionately believe that ‘hosts should enjoy themselves as much as guests’ and we work tirelessly to bring this vision to life.” life, allowing each event to be a memorable and enjoyable experience,” added Gupta.
Food Service Market Overview
The Indian food services market is projected to reach $125 billion by 2030, driven by strong growth in various segments. The restaurant industry alone is valued at approximately Rs 20,000 crore and is expanding at the rate of 15% annually.
However, a staggering 97% of this market remains unorganized, dominated primarily by local operators who have not yet taken advantage of the technology.
Vinay Bansal, Founder and CEO, Inflection Point Ventures, said, “Managing daily responsibilities or organizing events often requires external help for smooth management. A service provider like COOX that helps with both daily tasks and event organization makes life easier, allowing people to relax and enjoy their time. It not only provides convenience but also supports the gig economy by creating job opportunities in the hospitality industry. Through the use of technology, COOX modernizes in-home services and ensures that hosts can enjoy their events as much as their guests. “COOX aligns perfectly with IPV’s commitment to supporting technology solutions that have a tangible impact.”
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