Housejoy Plans to Raises $35mn For Construction Biz

Technology startup Housejoy plans to raise $35 million (around 260 crore) by end of this year for business growth. Bengaluru-based firm, which is engaged in construction, renovation, interiors and home maintenance, has so far raised $30.2 million from investors such as Amazon, Matrix Partners, Growth Story, Vertex Ventures and Qualcomm. The company has bagged Rs 100 crore worth contract in the IRC (interiors, renovation and construction) business. Their service is being currently provided in Bengaluru, Hyderabad and Chennai and the plan is to expand in seven-eight new cities including tier-II and tier-III towns. The IRC business is growing at the rate of 20 per cent month-on-month and the company targets to build 2,000 homes over the next two years. Our goal is to become the largest tech-enabled construction and home services platform in India,” he added.