TimBuckDo raises bridge round at Rs 120 Cr pre-money valuation
TimBuckDo, an on-demand convenience platform, has raised an undisclosed amount in a bridge funding round at a pre-money valuation of Rs 120 crore.
The round was backed by Srinath Setty through his family office Trasa Ventures and Adarsh Narahari.
The Bengaluru-based startup is preparing to raise its Series A round in the coming months, TimBuckDo said in a press release. The fresh capital will be used to support the company’s next phase of expansion as it works towards its Series A round.
Prior to this, TimBuckDo had raised around Rs 6.6 crore in a seed round last year from Nandkishore Kalambi, Morton Meyerson, Arjun Vaidya, Anupam Bansal, Sandesh Sharda, Rukam Capital, IDEABAAZ, its founders and TurboStart.
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Founded in 2022 by Mythri Kumar and Apoorv Sharma Prasad, TimBuckDo is building an on-demand convenience marketplace powered by verified college students, or “Doers”. The platform connects households and businesses with students for services including elder companionship, pet care, child support, home business assistance and other everyday needs.
The company is also focused on creating flexible earning opportunities for college students alongside their education. It is targeting around Rs 400 crore in gross revenue and more than 10,000 household orders per day across India over the next three years.
The broader on-demand convenience space has also seen investor interest. Pronto raised $25 million in a Series B round in March to expand its household-help platform, while AI concierge startup Hulp raised $2.6 million in a seed round in August to offer human-assisted support for household and lifestyle tasks.
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