Inflection Point leads funding in COOX; slice merges with NESFB

COOX, a platform for booking home services, has raised $125,000 in its seed funding round led by Inflection Point Ventures. Meanwhile, consumer payments and lending company slice has completed its merger with North East Small Finance Bank (NESFB).

Inflection Point leads funding in COOX

COOX, a platform for booking home services like professional chefs, domestic cooks, bartenders, and waiters, has raised $125,000 in its seed funding round led by Inflection Point Ventures.

The company aims to deploy the funds to double its footprint to 40 cities, increasing marketing activities, integrating AI to fortify its technology and streamline operations, it said in a statement.

With 3,000+ trained professionals, COOX aims to modernise home services via technology and create jobs for gig workers in the hospitality and events sector. Their services include professional chefs, bartenders, waiters, kitchen cleaners, ingredients delivery, appliance rentals, crockery rentals, event decoration, and live singers. Additionally, COOX provides a monthly subscription service for domestic cooks.

Since 2019, COOX claims to have served over five lakh customers, offering a range of 15+ cuisines.

slice merges with NESFB

Consumer payments and lending company slice Monday announced that it has completed its merger with NESFB, effective from 27th October 2024, following requisite shareholder and regulatory approvals.

This merger unifies the operations, assets, and brand identities of both entities into a single, integrated banking institution. The merged entity is committed to deepening NESFB’s already strong presence in the Northeast region, slice said in a statement.

Moving forward, the merged entity will introduce a range of banking products and services including savings accounts, fixed deposits, and credit products among others, the statement added.

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