Doormint secures nearly $3 million in Series A Funding Co-led by Helion Ventures and Kalaari Captial

Doormint, one of India's fastest growing home service provider, has raised near to $3 million in its Series A Funding. Co-led by Helion Ventures and Kalaari Captial, the investment will provide Doormint the resources to expand its current service network in Mumbai as well as establish its presence in other metro cities. Doormint is also looking to get professionals with a proven track record on board its team across marketing, operations and technology.

Focusing on amazing convenience and service quality, Doormint aims to resolve the household grievances of the always-mobile metropolitan populace through its mobile app and online platforms. With the funding, Doormint plans to set in motion an aggressive, targeted expansion campaign that would establish it as a leader owing to its innovative technology to control operations and better networking capability with both customers and service providers.

Ritesh Banglani, Partner at Helion Ventures said "On-demand home services is a fast-growing market in urban areas where tech savvy consumers seek time-saving resources to meet their household needs of maintenance and repair. Doormint's key differentiation of a branded service nature that takes full responsibility for service delivery and customer satisfaction along with convenient and superior product offerings such as one-touch home service to eliminate calling, upfront pricing and post service warranty are pegged to make it the market leader."

Abhinav Aggarwal, CEO Doormint, said, "We aim to provide affordable, technology driven home solutions to our consumers. The latest investment comes as a major shot in the arm, enabling us to expand and consolidate our service network in Mumbai while also proliferating in other metro cities. We have complete faith that with our superior service penetration and customer-oriented mobile interface, we will establish ourselves as a market leader in the next 6-8 months."

With its growing service network and robust business model, Doormint's vision of revolutionizing home services in the country is fast becoming a viable reality. Expansion plans are already lined up for Delhi, Gurgaon and Bengaluru for the next three months.

Source : Equity Bulls

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