- SBricks (www.sbricks.com) is a facility management & home services start-up
- HomeCues (www.homecues.com) is into aggregation and providing professional household services
- The merger is an all-stock deal
- Entire business of HomeCues merges with SBricks
The combined entity will be known as SBricks Castle Care Pvt Ltd acquired Hyderabad-based household services aggregation and facilitation company HomeCues (www.homecues.com). Homecues is a leading provider of facility management, home clean, laundry, repairs, and maintenance services.
Announcing the merger, D Nithin Reddy, CEO of SBricks Castle Care Pvt Ltd, has said that the similarity in businesses of the two companies has provided an opportunity for the merger. The combined entity, foresees a growing business opportunity in the market for facilities management, laundry, home services like plumbing, electricity, cleaning, UV cleaning of mattresses and sofas, etc.
Mr Reddy said that HomeCues will henceforth be a 100 per cent subsidiary of SBricks Castle Care Pvt Ltd. The business opportunity to be added to SBricks, consequent upon the merger, would be a cleaning area of 2.5 mn to 3 mn sq feet.
The urban lifestyles in the cities have undergone a sea change with household chores becoming essentially an extra burden on families. The business opportunity for services like home-cleaning, laundry, maid, plumber, electrician, AC maintenance, car cleaning and other services have increased enormously, he said.
We thought this would be a good synergy, bringing together our last-mile ownership and their aggregator model under one umbrella. We are aiming at standardizing these home services. Once we have created a perfect model in Hyderabad, replicating this to other cities is not going be a problem, disclosed Nithin Reddy. There is a huge employment potential in the market in facility management, laundry, repairs, maintenance and other services which
There is a huge employment potential in the market in facility management, laundry, repairs, maintenance and other services which has not been tapped so far to its fullest extent. SBricks has experience in handling such services in a very professional manner. The company, in its year and a half of existence, has provided its services to over 50,000 customers.
HomeCues, which has been aggregation of service providers, has been in existence for about two years and has handled over 25,000 clients so far.
While SBricks would continue its services in B2B and Corporate Entities, FMS (facility management services), small, medium and large format properties under its brand name, the B2C services will be offered under HomeCues brand, owned and operated by SBricks. экспресс займ ростовонлайн займ без %займ под проценты уфа