On the on-demand home services landscape, an interesting development: startup COOX, known for its name and associated diversity in service offerings, has just closed a seed funding round worth $125,000. IPV will lead the round to further infuse fresh capital in the plans of scaling its operations from 20 cities to 40, supporting marketing efforts, and bringing in operational efficiency and scalability through cutting-edge AI technologies.
PC: Indian Startups
Co-Founded by Akshat Gupta and Rajat Johri, COOX has cornered the market through its comprehensive set of home services: professional chefs, bartenders, waitstaff, cleaners, appliance rentals, crockery rentals, ingredient delivery, event decorations, and even live singers. COOX caters to a wide array of occasions, from house parties and birthdays to weddings and corporate events. Its menu is as diverse as its services, which include North Indian, South Indian, Chinese, Continental, Italian, Thai, Mexican cuisines, and more. The startup also offers domestic cooks on a monthly subscription basis catering to the daily culinary needs of households.
Since its inception in 2019, COOX has served over half a million customers with over 15 cuisines and 500 dishes. Over 3,000 professionals have been trained through this Indian startup not only in revolutionizing the home services using technology but also by generating jobs in hospitality and events services.
They are really excited at COOX to build a company that transforms the home services landscape with cutting-edge technology to enable seamless experiences between customers and partners. What excites them more is that such an initiative can not only deliver superior service to customers but also create large scale employment opportunities for gig workers working in hospitality, said Akshat Gupta, co-founder and CEO at COOX.
The investment by Inflection Point Ventures once again reiterates the potential and the impact COOX’s solutions have in the market. Vinay Bansal, Founder and CEO of IPV, speaking about the services offered by COOX, said that one needs reliable support for everyday chores or when hosting an event. A service like COOX makes life less complicated and stress-free with seamless services and also gives employment to the gig economy. With technology at the core of their approach, COOX resonates perfectly with the mission of IPV to invest in impactful solutions that truly make a difference.
As of October 2024, COOX operates in 20 cities, offering more than 10 on-demand services tailored to different customer preferences and events. The growth strategy for the startup is centered on the use of technology to improve service delivery and customer satisfaction. The application of AI is likely to streamline operations, enhance the efficiency of service delivery, and allow COOX to scale its offerings as it enters new markets.
COOX will continue to reinforce its leadership position in this on-demand home services market through further geographic expansion of the business and innovations in the service offering for users. Financing from IPV will not only provide COOX with the necessary financial capital but will also help to further support their vision of excellence in delivering their service, in addition to fueling a job-creation business in the gig economy space. COOX will prepare itself to become the forerunner for change in the home service industry within India and beyond.
