Snapdeal’s promoter Jasper Infotech eyes on-demand home services platform

Jasper Infotech, the company behind online marketplace Snapdeal, is soon going to in invest in Zimmber, the on-demand home services platform.

As per reports, The New Delhi based company is expected to invest somewhere between Rs 40 to 50 crore in Rejuvenate Solutions, the Mumbai-based company that runs Zimmber. This figure is for 10% of Zimmber’s stake.

After leading a $36 million (about Rs 240 crore) funding round in hyper-local delivery service PepperTap in September last year, this is Jasper's second investment in the on-demand services space. This again proves that Jasper is increasingly focusing on this fast-growing segment.

However, this move can also be taken as an inspiration from rival firm Amazon, as it’s just been two months that Amazon led a Rs 150-crore funding round in home services startup Housejoy.

"Zimmber is an attractive investment opportunity and we are in active discussion with multiple investors," Anubhab Goel, cofounder and chief executive officer of Zimmber, told ET while declining to comment further.

Snapdeal is presently valued at about $5 billion, after raising $500 million from Foxconn, Alibaba Group and SoftBank in August last year and buying digital payments platform FreeCharge for $400-450 million in April last year. This was the largest buyout done in the Indian consumer internet sector.

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