The home services industry is witnessing a flurry of action in recent times. From fundings to consolidations to new investors, the industry is slowly ripening towards consolidation. So, while Gurgaon-based UrbanClap raised $25 Mn in a Series B round, Mumbai-based Taskbob acquired Zepper, another startup in the same domain. November was also a busy month for the NCR-based hyperlocal online marketplace for service providers, FindYahan, which added The Times Group’s Brand Capital as its investor. The same month saw yet to be launched Hyderabad-based home improvement services platform, Renowala.com, raising a funding round from Logtally. Another major consolidation that happened in this sector was the acquisition of hyperlocal services marketplace Near.in in a cash-and-stock deal by Paytm in a bid to strengthen its presence in online to offline space.
So where is this $100 Bn industry headed? Are the recent fundraising rounds now making a way for consolidation and would lead to some clear winners? Is the industry solid enough to give India the next unicorn?
Anubhab Goel, CEO & Co-founder of Zimmber strongly believes so. In an interview with Inc42, Anubhab speaks about the industry’s future, profitability, and Zimmber’s plans to assert its position as a thought leader in the home services market.
Inc42: Given the current number of players and structure of the industry, what will it take to become a clear winner in the services sector?
Anubhab: If you look at the industry now, it is segmented into four major brackets. First you the players with the listing models; then you have the booking platforms; then come the full stack players such as Zimmber; and lastly you have the individual category players such as someone doing only laundry or housecleaning.