February 25, 2024

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Online home services company to expand into the South East Asia

An e-commerce platform for home services in the Philippines has raised US$1.6 million in a seed round.

The Berlin-based company entered Singapore in 2015. After raising about US$22.3 million in investments, it’s eyeing expansion into new markets including Malaysia, Thailand and Vietnam this year.

The company sees a great opportunity in major urban areas across Southeast Asia and is particularly focused on expanding into Vietnam and Thailand in late 2020 or early 2021.

The fresh capital will be used to fuel its growth and expand across Southeast Asia. It also looks to make additional hires over the next 12 months to support its plans.

The Manila-based startup offers a suite of home services such as home cleaning, laundry delivery, and repairs.

At the same time, it also helps small entrepreneurs and gig workers find new customers by taking their businesses online.

With the COVID-19 pandemic, the company has also added special disinfection cleaning services to its offerings.

With the rapid growth of mobile internet penetration and e-commerce spending in the Philippines, the company said it sees great growth potential in building a platform specialized for the services economy.

The company says it already handles 10,000 jobs a month with 70% of daily bookings coming from repeat customer in its first year of operations.

The global market for online home services was expected to be a significant in 2020 in terms of growth and revenue prior to the COVID-19 pandemic. It is now poised to significantly beat predictions.

Image credit: ample market reports

Other market research analysts forecast the global online on-demand home services market to grow at a CAGR of close to 49% during the period 2017-2021.

The demand for online on-demand home services is increasing due to easy convenience and accessibility.

The increase in smartphone penetration is enabling the demand for online on-demand services. Growing smartphone adoption and internet penetration enables consumers to access the online on-demand services.

In recent years, rapid urbanization has led to major changes in the lifestyle of people in both developed and developing countries.

The increase in disposable income has led to an increase in expenditure, which has, in turn, increased the popularity of on-demand home services.

Growing urbanization is leading to the growth of global online on-demand home services as rather than battling the traffic to avail services, customers prefer to get these services in the comfort of their home.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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