Noida, 28 October 2024 — COOX, India’s prominent platform for on-demand home services and event hosting solutions, has raised $125K in a seed funding round led by Inflection Point Ventures (IPV). With this funding, COOX aims to double its reach from 20 to 40 cities, expand marketing initiatives, and enhance its technology with AI integration to streamline operations and scale efficiently.
COOX offers over 10 specialized home and event services, including professional chefs, bartenders, waitstaff, appliance rentals, live entertainment, and more. Additionally, it provides a monthly subscription for domestic cooks, catering to household cooking needs. Established in 2019, COOX has served more than half a million customers across 20 cities in India, establishing a reputation for its diverse cuisine offerings and trained service professionals.
A Vision for Tech-Driven Home Services
Akshat Gupta, Co-Founder & CEO of COOX, alongside Co-Founders Abhishek Gupta (CMO) and Rajat Johri (CTO), brings together deep industry experience in business management, marketing, and technology. The founding team’s mission is to modernize home services through technology, aiming to transform event hosting experiences and create significant job opportunities for gig workers in the hospitality industry.
Vinay Bansal, Founder & CEO of Inflection Point Ventures, shared IPV’s enthusiasm for COOX’s mission, emphasizing that the platform enables individuals to enjoy stress-free event hosting. “A service provider like COOX that assists with both day-to-day tasks and event hosting makes life easier,” said Bansal. “COOX aligns with IPV’s commitment to backing tech-driven solutions that make a tangible impact.”
Scaling for Growth and Market Demand
COOX’s recent funding will support the company’s rapid expansion to new cities and bolster marketing efforts. Additionally, AI integration is a core focus, aimed at improving operational efficiencies and enhancing service reliability. COOX has maintained a bootstrapped and profitable model while growing its platform, supporting over 3,000 verified professionals in the process.
With the Indian food services market projected to reach $125 billion by 2030 and a highly fragmented catering industry, COOX is positioned to leverage technology in a largely unorganized sector.
About COOX
Founded in 2019, COOX is a comprehensive platform for booking professional home services, specializing in event hosting and a range of cuisines from North Indian to Mexican and Italian. It serves house parties, weddings, corporate events, and more, creating memorable experiences for clients.
About Inflection Point Ventures
Inflection Point Ventures is an angel investment platform supporting emerging startups by providing financial and experiential capital. Through its $25 million CAT 2 VC fund, Physis Capital, IPV is actively investing in promising Pre-Series A to Series B startups, fueling innovation in India’s entrepreneurial ecosystem.
