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Pune-based EZMove, an online aggregator of relocation services, has successfully raised an angel round of funding from a group of investors across the US, Europe and India.
The company has raised Rs 1 crore from its investors who are hedge fund managers, senior industrialists and angel investors in their personal capacity.
“The company since its inception has facilitated more than 1,000 moves and the funding has come at the right time when we are looking to strengthen our platform and even expand in North India market,” said Anand Agarwal, Co-founder and CEO, EZMove.
EZMove was founded by Anand Agarwal and Vishwajeet Singh in August 2013 with an aim to provide a hassle free experience to people who relocate their houses. A customer can use EZMove platform to locate a reliable packer by simply filling out an online form.
EZMove is the first company in India to venture into highly unorganised movers and packers market, which is pegged at Rs 10,000 crore with as many as 40,000 –50,000 small and big players in it.
The company currently has around 50 such packers on board. They intend to increase this number to around 200-250 packers over the next two years to strengthen their presence across India.
Packers selected on EZMove have to go through a rigorous screening process. The screening process includes visit to mover’s office by EZMove team, checking their documentation, inspecting their warehouse infrastructure, inspect their quality of packing at a customer’s site, behavior of the crew with the customer and references within the industry.
Agarwal, said, “Most of the movers and packers lure customers with an extremely low quote and on time delivery assurance which leads to a nightmare while relocating. The customers have to settle for poor handling of their goods to bad quality of packaging and even late delivery of goods in damaged condition. Our company aims to eliminate such problems and assure the customers of quality and on time delivery.”
