About Goodservice
Goodservice is a company based in Singapore founded in 2014 was acquired by Urban in August 2016. Goodservice has raised $1.6 million across 1 funding round from investors including Urban Company and Sequoia Capital. Goodservice operates in a competitive market with competitors including WooBloo, Pinch, Wingman, DudeGenie and OK BOSS, among others.
- Headquarter Singapore
- SectorsBusiness Services
- Website goodservice.in
- Social LinkedIn Facebook
- Acquired by Urban (Aug 2016)
- Legal Name Coolnew Insights Private Limited
- Date of Incorporation 13 Jan, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹13.6 Lakh
FY 2023 · -29% YoY
- Net Loss-₹9.2 Lakh
FY 2023 · -67% margin
- EBITDA-₹22 Lakh
FY 2023 · -161% margin
- Total Equity Funding$1.6M (USD)
in 1 rounds
- Latest Funding Round$1.6M (USD), Seed
Jun 2015
- InvestorsUrban Company
& 1 more
- Acquired byUrban
(Aug 2016)
Associated legal entities of Goodservice
Goodservice operates through Coolnew Insights Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coolnew Insights Private Limited CIN U51100DL2015PTC275335 | Active | 13 Jan 2015 | New Delhi, Delhi | ₹0.1 Cr | – | 2 | View details |
Funding Insights of Goodservice
Goodservice has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in June 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.6M
- Total Rounds 1
- Last Round Seed — $1.6M
- First Round $1.6M
(Jun 2015)
- Investors Count 1
All 1 funding rounds of Goodservice with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | $1.6M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Goodservice
Goodservice has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Urban Company and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Customers are connected with vetted professionals for on-demand home services. | 2014 | urbancompany.com | Gurugram, India |
Investor details for Goodservice
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Board of directors of Coolnew Insights Private Limited (Goodservice)
Coolnew Insights Private Limited is the primary company behind Goodservice. The board of Coolnew Insights Private Limited currently have 2 directors; the longest-serving is Vipul Aggarwal, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vipul Aggarwal DIN 07055017 | Managing Director | 13 Jan 2015 | 11 yrs 8 mo | Coolnew Insights Private Limited |
| Sadapurna Mukherjee DIN 09053813 | Additional Director | 04 Feb 2021 | 5 yrs 8 mo | Coolnew Insights Private Limited |
Financials of Goodservice
Figures of Coolnew Insights Private Limited, the primary company behind Goodservice, for FY 2023. Revenue was ₹13.6 Lakh (-29% year on year). Net loss was -₹9.2 Lakh (-67% margin). EBITDA was -₹22 Lakh (-161% margin). Revenue has grown at a compounded annual rate of -23% over three years and -28% over five years.
- ₹13.6 LakhRevenue · FY 2023 · -29% YoY
- -₹9.2 LakhNet loss · -67% margin
- -₹22 LakhEBITDA · -161% margin
- ₹62,500Paid-up capital
- -23%Revenue CAGR, 3 years
- -28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Coolnew Insights Private Limited are on its company page.
Detailed financial statements for Goodservice
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Goodservice
3 dated milestones of Goodservice across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Goodservice is founded.
- Funding First funding round of $1.6M.
- Exit Acquired by Urban.
Competitors of Goodservice
Goodservice operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WooBloo, Pinch, Wingman, DudeGenie and OK BOSS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| woobloo.com | 2017 | Hyderabad, India | – | – | Local services are booked via an online virtual assistant platform. | |
| pinch.gg | 2021 | Waterloo, Canada | – | – | An app-based voice chat platform for mobile gamers is offered. | |
| wingmanapp.com | 2015 | London, United Kingdom | – | – | Matches are facilitated through friends on a mobile app platform. | |
| dudegenie.com | 2015 | Bengaluru, India | – | – | Offers a WhatsApp-based concierge service for user assistance. | |
| okboss.co | 2020 | Chennai, India | – | – | An online platform connecting users to assistants for task completion. | |
| getgenieapp.com | 2015 | Hyderabad, India | – | – | Operates as a WhatsApp-based concierge service for users. |
Detailed competitors of Goodservice
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Similar companies to Goodservice
10 companies that operate in the same segment as Goodservice (Local & Community Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customers are connected with vetted professionals for on-demand home services. | 2014 | Gurugram, Haryana, India | USD 376.49 M | USD 165.84 M | 1,043 | |
App-based pet sitting marketplace | 2011 | Olympia, Washington, United States | USD 409.19 M | – | – | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 524.53 M | – | 1,046 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | – | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 438.62 M | – | 856 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Operates and franchises fitness clubs | 2002 | – | USD 4.49 M | – | 340 | |
Online marketplace that provides home repair & maintenance services | 2012 | New York, New York, United States | USD 112.67 M | – | – | |
Hair coloring kits are provided via an internet-first brand. | 2013 | San Francisco, California, United States | USD 248.9 M | – | 247 |
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Frequently Asked Questions about Goodservice
Goodservice was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Goodservice is headquartered in Singapore.
Goodservice is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 2015.
The primary company behind Goodservice, Coolnew Insights Private Limited, reported revenue of ₹13.6 Lakh for FY 2023, down 29% year on year.
Goodservice was founded in 2014 in Singapore as a mobile platform for concierge services. Operations were pivoted from an online discovery tool for local services to end-to-end task handling. Legal requests, such as plumber bookings or currency rate inquiries, are managed for users. The founding team includes alumni from Stanford, IIM-A, and NTU. Services operate within the on-demand sector, focusing on practical assistance.
Goodservice has 2 investors. Key investors include Urban Company, and Sequoia Capital.
Goodservice operates through Coolnew Insights Private Limited.
Yes. Goodservice was acquired by Urban in August 2016.
The legal entities of Goodservice currently have 2 directors, including Sadapurna Mukherjee, Vipul Aggarwal.