Housejoy FY16 losses widen 20-fold on higher ad spend, employee costs

home_feHome services startup Housejoy’s revenue rose nearly 32 times in FY16, but losses also went up 20-fold as employee costs soared and the company spent more on advertising and promotions. The company, run by Sarvaloka Services On Call Pvt. Ltd, reported total revenue of Rs 17.1 crore against Rs 54.43 lakh in the previous year, […]

Read more

Home services startup Housejoy acquires fitness startup Orobind

Housejoy-OrobindBangalore-based Sarvaloka Services On Call Pvt Ltd, which operates home services marketplace Housejoy, has acquired at-home personal fitness tech startup Orobind Fitness Technologies Pvt Ltd for an undisclosed amount in an all-stock deal. The deal would give Housejoy a much-needed push to be the largest player in the overall wellness category, claimed the company, declining […]

Read more

Personal fitness coach app Orobind raises pre-Series A funding

Bangalore-based Orobind Fitness Technologies Pvt Ltd, which offers access to fitness experts through the curated marketplace model,  has secured an undisclosed amount in a pre-Series A fundraising. It’s existing investors Harpreet Singh Grover (co-founder, Cocubes), Lalit Mangal (co-founder, CommonFloor.com) and Toppr.com co-founder Zishaan Hayath also participated in this round, along with  a new set of […]

Read more

Mobile marketplace of fitness coaches Orobind secures $200K from founders of CommonFloor, Cocubes, Toppr, & others

Bangalore-based Orobind Fitness Technologies Pvt Ltd, which runs a mobile marketplace of fitness experts under the same brand, has raised $200,000 (about Rs 1.26 crore) from a group of angels including Harpreet Singh Grover, co-founder, Cocubes; Lalit Mangal, co-founder, CommonFloor.com; and Toppr.com co-founder Zishaan Hayath. The capital will be used for product enhancement, app development for the iOS platform, marketing, […]

Read more