Handy is one of those companies that took a very simple idea and turned it into a multi-million dollar company. Hundreds of millions would be a more accurate assessment. Handy is valued at around $500 million and does about $1 million in bookings per week. What is booked? Home cleaning services mainly. Handy.com does also connect clients with freelancers who do maintenance and other work, but home and office cleaning jobs are the linchpin of the company.
What sets Handy apart from so many other companies is the service employs a basic app to make bookings. Handy CEO Oisin Hanrahan first came up with the idea while at Harvard Business School, and he further fleshed things out while visiting different locales in Europe. In eastern Europe, he worked in real estate and realized renters and new buyers often have many responsibilities on their plates. Cleaning and home care were both pushed aside sometimes. Connecting such customers with freelance cleaners could be a good business strategy.
A visit to the United Kingdom allowed Hanrahan to think about connecting home cleaners with app bookings. After seeing ride sharing services booked via apps, the budding entrepreneur figured the same could be done with home cleaning services. He was right. He was right to the tune of many millions of dollars.
Owners and renters in need of having their properties cleaned out thoroughly are not the only ones to benefit incredibly from the concept of Handy. Highly-talented freelancers also have much to thank for the arrival of Handy. Getting booked for jobs and getting paid a desired wage and paid on time — without having to chase people for money owed — makes freelancing much easier.
Freelancers won’t find it easy to gain access to Handy. There is a significantly complex hiring and approval process put in place by Handy. This ensures those who are hired are more than up for the job. Freelancers also gain a lot upon being approved for Handy. Since Handy is so strict with its hiring and approval process, would-be clients are going to feel confident booking at Handy. Freelancers can get a steady stream of clients this way. The $1 million in bookings per week do reveal a lot of clients are headed Handy’s way. This is to say the freelancers gain access to steady income.
Handy is going to continue to grow. $50 million in investment capital should see to this.