What is ServisHero?
ServisHero operates as a leading mobile platform in Southeast Asia, designed to bridge the gap between consumers and reliable local service providers, referred to as 'Heroes'. The application facilitates the booking of a wide array of services, including cleaning, electrical repairs, and plumbing, ensuring users can access professional assistance for their home and office needs with ease. The platform emphasizes fair pricing and convenient cashless payment options, aiming to simplify the process of hiring vetted professionals. Beyond standard home maintenance, ServisHero also offers specialized services, such as COVID-19 disinfection, demonstrating its adaptability to evolving market demands and community support needs.
How much funding has ServisHero raised?
ServisHero has raised a total of $3.4M across 2 funding rounds:
Unspecified
$700K
Angel/Seed
$2.7M
Unspecified (2015): $700K with participation from Lelong.my and YTL Corporation Berhad
Angel/Seed (2016): $2.7M led by Golden Gate Ventures and Cradle Seed Ventures
Key Investors in ServisHero
Lelong.my
Lelong.my is a major e-commerce marketplace in Malaysia, facilitating both C2C and B2C transactions across a vast array of products, indicating a strategic interest in digital platforms and consumer services.
YTL Corporation Berhad
YTL Corporation Berhad is a diversified Malaysian infrastructure conglomerate with extensive operations in construction, utilities, and property development, suggesting a focus on large-scale projects and integrated service delivery.
Golden Gate Ventures
Golden Gate Ventures is a prominent venture capital firm specializing in early-stage investments across Southeast Asia, with a focus on consumer internet, e-commerce, and fintech, indicating a strong belief in the region's digital economy and scalable tech solutions.
What's next for ServisHero?
With its recent major strategic investment, ServisHero is poised for accelerated growth and market penetration. The company's focus on expanding its network of 'Heroes' and enhancing its technological infrastructure is likely to be a priority. Further development of its service verticals and geographical reach within Southeast Asia can be anticipated. This strategic capital will enable ServisHero to solidify its position as a dominant player in the region's digital home services market, potentially exploring new service categories and partnerships to drive innovation and customer acquisition.
See full ServisHero company page
