Total amount raised
$600 Thousands
Latest funding date
01/01/2022
Location
Broomees has successfully raised funding through a Seed round, attracting the support of 10 investors, including notable names like 100X.VC, 2am VC, and MAGIC Fund. The platform offers a range of domestic help services, ensuring quality and verification of workers for tasks such as babysitting, cooking, and elderly care.
Keep reading to explore the intricacies of Broomees' fundraising journey and the investors backing this innovative platform.
What Is Broomees?
Broomees, founded in 2021, is a private company based in Delhi, India. It operates in the Information Services and Service Industry sectors, providing a range of domestic help services such as babysitting, cooking, and elderly care.
With a workforce of 101-250 employees, Broomees emphasizes the quality and reliability of its workers, ensuring they are vetted and verified through official government records. The company aims to organize the domestic help sector, offering both full-time and part-time services with transparent pricing and a replacement guarantee.
How Much Funding Has Broomees Raised?
- Amount Raised: USD 600,000
- Date: January 2022
- Lead Investors: 100X.VC, 2am VC, MAGIC Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To set up training and registration centers, improve user experience, and automate processes.
Total Amount Raised: USD 600,000. Current Valuation: Not publicly disclosed.
Key Investors
- 100X.VC
- Details: 100X.VC is an Indian venture capital firm that focuses on early-stage startups. They provide seed funding and mentorship to help startups grow.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Broomees is part of their Class 06 batch.
- 2am VC
- Details: 2am VC is a USA-based micro VC firm that invests in early-stage startups. They look for unique approaches and significant growth potential in their investments.
- Investment Focus Areas: Early-stage startups, unique approaches, significant growth potential.
- Notable Investments: Not specified.
- MAGIC Fund
- Details: MAGIC Fund is another USA-based micro VC firm that focuses on early-stage startups. They invest in companies with innovative solutions and strong teams.
- Investment Focus Areas: Early-stage startups, innovative solutions, strong teams.
- Notable Investments: Not specified.
- Puneet Deora
- Details: Puneet Deora is the Managing Director of Deoras Group. He is an angel investor who participated in Broomees' seed round.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Gaurav Choksi
- Details: Gaurav Choksi is the Executive Director of Hindustan Platinum. He is an angel investor who participated in Broomees' seed round.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
What's Next for Broomees?
Broomees stands at the cusp of a significant opportunity to revolutionize the domestic help sector in India. With plans to bring 100,000 workers into the formal economy, the company is poised to expand its services across the Delhi-NCR region. This expansion includes setting up training and registration centers, enhancing user experience, and automating processes through their app and web platforms.
Given the successful seed round, Broomees is likely to attract further investment to support its ambitious growth plans. The increasing digitalization and demand for professional domestic help present a fertile ground for future fundraising opportunities. However, the company must navigate challenges such as maintaining service quality and compliance with regulatory standards as it scales operations.
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