Subscription-based marketplace targeting the A$15B home services and maintenance market. The Company connects clients with a butler/cleaner to manage their home errands, primarily home cleaning.
The Company is revenue generating, unit-profitable and data driven. It operates in a rapidly expanding and highly fragmented industry fuelled by poor retention models of competitors. The Company, with its high retention rates on both sides of the marketplace, can consolidate this market.
The founders have grown revenues quickly from bootstrapped funds. Seed capital will be used to scale operations, marketing and technology development.
Key Transaction Information
AUD $500,000 (50% already raised from angel and VC investors)