Summary:

COOX, a home services platform, has successfully secured $125,000 in seed funding from Inflection Point Ventures to expand its operations from 20 to 40 cities, enhance marketing efforts, and integrate AI technology for improved service delivery. Founded in 2019, COOX has already served over 5 lakh customers with a diverse range of services aimed at modernising home event management.

COOX, a rising star in the Indian home services sector, has just announced a successful seed funding round led by Inflection Point Ventures, which has infused $125,000 into the startup. This financial boost will facilitate COOX’s ambitious plan to double its operational footprint from 20 to 40 cities across India, ramp up marketing strategies, and integrate AI technology to streamline operations.

What Does COOX Offer?

Since its inception in 2019, COOX has built a solid reputation by offering a comprehensive suite of home services. The platform provides everything from professional chefs, bartenders, and waitstaff to kitchen cleaners, appliance rentals, and event decoration. It caters to a variety of events, including house parties, weddings, and corporate functions, ensuring that hosts can focus on enjoying their gatherings.

With a unique subscription service for domestic cooks, COOX has served over 500,000 customers, presenting over 15+ cuisines and 500 dishes. Their mission is simple yet profound: “Hosts should enjoy as much as the guests.” By employing over 3,000 trained professionals, COOX not only modernises home services but also creates substantial job opportunities within the gig economy, particularly in the hospitality sector.

Meet the Founders

COOX was co-founded by Akshat Gupta, Abhishek Gupta, and Rajat Johri.

• Akshat Gupta, Co-Founder & CEO, holds an MBA from IMT Hyderabad and brings over 10 years of experience in startups and MNCs.
• Abhishek Gupta, Co-Founder & CMO, is an MBA graduate from IMT Ghaziabad and has over 6 years of expertise in marketing and operations.
• Rajat Johri, Co-Founder & CTO, with a B. Tech from KIET, has more than 8 years of technical and leadership experience under his belt.

The Market Landscape

The Indian food services market is on the verge of a significant boom, projected to reach $125 billion by 2030. The catering industry alone is valued at approximately ₹20,000 crores, expanding at an impressive 15% annually. Despite this growth, a staggering 97% of the market remains unorganized, primarily driven by local operators who have yet to harness technology.

Vinay Bansal, Founder & CEO of Inflection Point Ventures, expressed his enthusiasm for COOX’s mission, stating, “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.”

Sustainable Growth and Impact

What sets COOX apart is its commitment to a bootstrapped model, leading the company to profitability while providing a sustainable approach to home services. This recent funding round aligns perfectly with IPV’s mission to invest in tech-driven solutions that create a tangible impact. The backing from Inflection Point Ventures, which has invested over ₹800 crores in more than 260 startups, signifies a strong vote of confidence in COOX’s vision and operational strategies.

With this new capital, COOX plans to enhance its marketing efforts and technological capabilities, particularly through the integration of AI. This will not only improve service delivery but also enable better scalability as they expand their reach into new markets.

COOX’s Vision for the Future

“At COOX, we are committed to transforming the landscape of home services through cutting-edge technology,” said Akshat Gupta. “We work tirelessly to bring this vision to life, enabling every event to be a memorable and enjoyable experience.” The founders’ passion for redefining home services is palpable, and their ambitions are grand.

They envision COOX becoming the go-to platform for on-demand home services in India and potentially beyond, streamlining everything from everyday chores to elaborate event hosting.

With COOX’s innovative approach, hosts can finally enjoy their events as much as their guests, transforming what could be a chaotic experience into a seamless and enjoyable one.

Are you ready to experience the future of home services? Stay tuned, because COOX is just getting started! For more insights into the evolving landscape of home services, check out Inflection Point Ventures and discover how COOX is shaping the future of hospitality.