Noida, 28 October 2024- COOX, has raised $125 K in Seed Series Round led by Inflection Point Ventures. It aims to deploy the funds for city expansion, doubling its current footprint to 40 cities, while increasing marketing activities and integrating AI to fortify its technology and streamline operations.
COOX is India’s leading platform for booking home services like professional chefs, domestic cooks, bartenders, waiters, cleaners, appliance rentals, crockery rentals, ingredients delivery, event decoration and live singers for occasions like house parties, weddings, corporate events, and more. Since 2019, it has served over 5 lakh customers, offering a range of 15+ cuisines and 500+ dishes from Indian to Continental. With 3,000+ trained professionals, COOX aims to modernize home services via technology and create jobs for gig workers in the hospitality and events sector. Its vision is: “Hosts should enjoy as much as the guests.”
Akshat Gupta, Co-Founder & 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 postgraduate from IMT Ghaziabad with more than 6 years of expertise in marketing and operations with startups and MNCs. Rajat Johri, Co-Founder & CTO, holds a B. Tech degree from KIET and has over 8 years of technical and leadership experience. Together, they aim to revolutionize the home services industry through technology-driven solutions.
Vinay Bansal, Founder & CEO, Inflection Point Ventures says, “Managing everyday responsibilities or hosting events often requires external help for smooth management. A service provider like COOX that assists with both day-to-day tasks and event hosting makes life easier, allowing individuals to relax and enjoy their time. Not only does it provide convenience, but it also supports the gig economy by creating job opportunities in the hospitality industry. By using technology, COOX modernizes home services and ensures hosts can enjoy their events as much as guests. COOX aligns perfectly with IPV’s commitment to backing tech-driven solutions that make a tangible impact.”
As of October 2024, COOX operates in 20 cities across India, offering a diverse range of over 10 on-demand event hosting and house party services. These services include professional chefs, bartenders, waiters, kitchen cleaners, ingredients delivery, appliance rentals, crockery rentals, event decoration, and live singers. Additionally, COOX provides a monthly subscription service for domestic cooks. This comprehensive suite of home services encompasses both cooking solutions and event hosting, catering to various customer needs and preferences.
Akshat Gupta, Co-Founder & CEO, says, “At COOX, we are committed to transforming the landscape of home services through cutting-edge technology, ensuring seamless experiences for both customers and partners. Our aim is to provide not only exceptional service to clients but also create significant employment opportunities for gig workers in the hospitality industry. We passionately believe that ‘Hosts should enjoy as much as the Guests,’ and we work tirelessly to bring this vision to life, enabling every event to be a memorable and enjoyable experience.”
COOX has achieved significant milestones, serving over 5 lakh customers across 20 cities in India. The platform has developed a comprehensive network of more than 3,000 trained and verified service professionals, ensuring quality and reliability for its clients. Notably, COOX reached profitability while maintaining a bootstrapped approach, showcasing its sustainable business model and commitment to growth in the home services sector.
The Indian food services market is anticipated to reach $125 billion by 2030, driven by robust growth in various segments. The catering industry alone is valued at approximately ₹20,000 crores, expanding at a rate of 15% annually. However, a striking 97% of this market remains unorganized, primarily dominated by local operators who are yet to leverage technology. This environment presents substantial opportunities for innovative platforms like COOX to revolutionize the home services and hospitality industry and enhance service delivery through technology-driven solutions.