Home maintenance services startup Fixy raises seed funding
Fixy, a Mumbai-based startup that provides maintenance services on demand, has raised seed funding from members of VentureNursery, an angel-backed accelerator for startups.
NM Fix Maintenance Services Pvt Ltd, the company behind Fixy, will use the money raised to create a technology infrastructure for residents (customers) and vendors (handymen), as per a press statement. By automating its platform, Fixy hopes to scale operations and improve efficiencies, it added.
Fixy was co-founded by twins Tufayl and Nabeel Merchant. The startup graduated from VentureNursery's Season 6 Acceleration Program conducted between March and June 2015. It offers services such as plumbing, electrical repair and repair of white goods such as refrigerators, washing machines, microwave ovens and other home appliances.
"We gained tremendously from the collective experience and diverse perspectives of VentureNursery's mentors and members," said Tufayl.
In Mumbai, Fixy currently offers services between Churchgate and Borivali, which come with a 15 to 30 day warranty depending on the type of service.
"VentureNursery's selection process is designed to identify passionate and motivated founders who are out to solve real life problems of customers. At the end of the 13-week BootCamp, Fixy's founders Tufayl and Nabeel convinced VentureNursery members of their preparedness to disrupt the home maintenance services space," said VentureNursery member Vishal Maheshwari, a former senior director with Yahoo! India.
VentureNursery has mentored 19 startups, of which 15 have graduated. It counts branded budget hotel chain OYO Rooms, video interview platform Talview, fashion and lifestyle social commerce platform Klip as alumni.
The local services marketplace has been attracting a lot of investor attention this year. Other companies which raised funding include UrbanClap (Accel & Saif Partners), LocalOye (Tiger Global and Lightspeed), Qyk (Zishaan Hayath, co-founder, Toppr.com; Abhishek Goyal, co-founder, Tracxn.com; and Delhivery co-founder Sahil Barua), Near.in (led by Anupam Mittal, CEO of People Group, and Manish Vij of Smile Vun Group), FindYahan (led by Karan Bajwa, managing director of Microsoft India), TaskBob (Orios Venture Partners & Mayfield India) and UrbanPro.com (Nirvana Venture).