Amazon eyes at buying a stake in Housejoy

Online marketplace Amazon is in advanced talks to grab stakes in on-demand home services company Housejoy.
Housejoy

Online marketplace Amazon is in advanced talks to grab a stake in on-demand home services company Housejoy. Founded by Arun Kumar and Sunil Goel, Housejoy is a Bangaluru-based startup which competes with the likes of LocalOye, Qyk, Taskbob, UrbanPro and UrbanClap.
"The company is in talks with 3-4 other investors to form a consortium and the eventual size of the round could be larger," said one of the sources.
Housejoy is backed by serial entrepreneur couple Krishnan Ganesh and Meena Ganesh, as well as venture capital firm Matrix Partners India.
This potential deal with Amazon comes even as UrbanClap is close to raise $20-30 million from Bessemer Venture Partners.
Amazon and Google have both stepped into on-demand services in the US markets, and it could create wonders in the space in India too. Home services can join the likes of other on-demand sectors such as grocery, food delivery, taxi bookings etc in attracting investor’s attention.

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