Exclusive: Former ITC exec Pradeep Dhobale invests in home services startup Renowala

Joshua Kumar, CEO, RenowalaHyderabad-based on-demand marketplace for home improvement services Renowala.com secured a second round of seed funding from FMCG veteran Pradeep Dhobale, a top company executive told Techcircle.in. Dhobale, who is a former ITC executive and an active angel investor, picked a 6.25% stake in the firm for an undisclosed amount, Renowala CEO Joshua Kumar said. The […]

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Why home services startups are finding it difficult to get customers

home_feUntil last year, a new startup was springing up in the on-demand home services space every few days, riding on the convenience and instant access that the smartphone provided. These startups promised to send reliable service professionals for every kind of work that an Indian home required – plumbers, electricians, wedding photographers, fitness instructors, home […]

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Better to associate with Paytm than compete with it: Near.in’s Lomesh Dutta

The tech-enabled hyperlocal services category has been seeing a lot of consolidation. Early last week, mobile wallet and e-commerce venture Paytm acquired local services marketplace Near.in, run by Gurgaon-based Thumbspot Inc for an undisclosed amount. In November, Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, acquired Mumbai-based Zepper Services Pvt Ltd. Industry […]

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Paytm buys home services marketplace Near.in

Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announcement is expected shortly. The Paytm-Near.in deal is the latest instance […]

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