Gurgaon-based InvexGO Solutions Pvt. Ltd, which runs on-demand personal assistant service DoneThing, has raised $300,000 (Rs 1.95 crore) in funding from Brand Capital, the investment arm of Bennett, Coleman and Co. Ltd.
The company will use the funds to expand to new geographies like Mumbai and Bangalore, and to enhance its presence in the Delhi-NCR region, it said in a press statement.
The investment is a precursor to a bigger funding round, said Karan Saharan, co-founder, DoneThing, without elaborating on the details.
The company was founded by Saharan, Chetan Agarwal, Sonal Saraogi and Rohit Pansari in June 2015. Agarwal worked with a boutique consulting firm in the past while Saraogi was with ICICI Wealth Management. Saharan and Pansari are chartered accountants by profession, and they worked with consulting major EY prior to this.
The DoneThing app enables users to outsource mundane errands, such as buying medicines and groceries, collecting laundry, depositing cheques and repairing electronics, among several others. Besides, it also helps them find neighbourhood service professionals.
The company makes money by charging customers a comfort fee for the tasks, besides commissions from merchants on its platform. Deliveries are executed through a mix of the company’s own fleet and third-party agencies. Currently operational in Delhi-NCR, it claims to have served more than 60,000 customers.
Earlier called Qlivery, the company rebranded to DoneThing in July last year.
In January 2016, it had raised an undisclosed amount in funding from Chandigarh Angels Network (CAN).
Two months later, it announced that it had raised $230,000 from Hong Kong-based Swastika Company Ltd.
Like this report? Sign up for our daily newsletter to get our top reports.