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Housejoy acquires Bangalore based fitness company Orobind

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Home services marketplace Housejoy has acquired fitness startup Orobind for an undisclosed amount. Housejoy will strengthen its fitness offering with this acquisition by onboarding over 1,000 of Orobind’s customers in Bangalore. Orobind also claimed to have 135 personal trainers on its platform. The entire Orobind team will be moving to Housejoy.

Orobind’s previous fund raises: Orobind was founded by Satya Vyas and Shubhanshu Srivastava in December 2014. In March 2015, it raised angel funding of $200,000 from an angel group led by Harpreet Singh Grover and Zishaan Hayath, while stating that it did not have expansion plans last year and would focus on Bangalore where it was based. In August 2015, it raised a pre-series A round of funding from existing investors Harpreet Singh Grover and Zishaan Hayath, along with a set of new investors, to launch a new service called Orobind Access. In October, the company expanded to Hyderabad.

Housejoy’s developments:

– Earlier this month, Housejoy acquired Bangalore based dry cleaning and laundry company MyWash Technologies for an undisclosed amount to scale its laundry services from 1,000 to 10,000 per day over the next year. Housejoy currently offers laundry services in Bangalore, Delhi, Mumbai, Hyderabad and Chennai.

– In December, Housejoy raised Rs 150 crore (~$22.4 million) in a series B round of funding led by Amazon, with participation from new investors Vertex Ventures, Ru-Net Technology Partners and Qualcomm and existing investor Matrix Partners. In June, the company had raised $4 million in a Series A round of funding from Matrix Partners.

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– In September, it appointed Saran Chatterjee as its CEO. Chatterjee, who resigned after being Flipkart’s VP of products for 3 years in June, would help Housejoy’s services and cities expansion, with a focus on consumer experience.

Other developments in the sector:

– Yesterday, Zimmber, a hyperlocal home solutions company, acquired hyperlocal lifestyle services marketplace FindYahaan for an undisclosed amount, to strengthen its white collar service listings.

– In December, services marketplace UrbanClap raised an undisclosed amount in funding from Ratan Tata in his personal capacity.

– In November, Talwalkars Better Value Fitness picked up a 51% stake for an undisclosed amount in Chennai based Inshape Health and Fitnez, for an all cash deal. Additionally, in October, Talwalkars had picked up a 49.5% stake in Sri Lanka’s Power World Gym in an all cash deal and was its first overseas investment.

Also read: #Outlook16: What do Indian online services companies plan to do in 2016

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Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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