Recently, an article was posted on blog.wsj.com that talked about the recent chapter 11 bankruptcy file of the home service company, Homejoy Inc. Unfortunately, Homejoy filed for this chapeter 11 case in the first week of December, on a Tuesday, in the U.S. Bankruptcy Court in San Jose. The article also goes on to state that Homejoy has also decided to close down their website. Although Homejoy has many different funding services coming in from investors, the company still decided to shut down due to many unresolved challenges in the company. Several of Homejoy’s investers came up with $38 million from fundraisers, but the company still refused the money because things were becoming too confusing to continue with.
The article ends by stating that startup companies have been plagued with lawsuits that state a reclassification of contractors as employees, which means that labor costs will rise to 20% – 40%. However, one startup company, Handy Technologies Inc., is still heading on, by providing house cleaning and furniture-assembly services and is currently being invested in by companies like Fidelity Management, Research Co., Highland Capital Partners, and more. Overall, Handy Technologies has raised more than $110 million, which proves the company to be a competitor for Homejoy.
As said before, Handy Technologies is a home cleaning and furniture assembly company that has trusted professionals that are qualified to help home owners assemble everything properly in their houses. They also are known for their fast services. Home owners can simply book an appointment today and Handy’s professionals will be at the home as early and fast as the next day. Finally, if customers are not satisfied with the work done by Handy’s employees, they can get a 100% refund of their money without any issues.
Handy’s process has been known to be very simple and easy for almost all home owners to follow, which is why the company has been doing to so well in terms of its funds. Many investors have been flocking to Handy, hoping to chip in on the company’s greatest pinnacle of the year.
Overall, Homejoy may be closing down and causing several home owners to be disappointed, but another home service company is arising, Handy Technologies, and they are promising to bring similar services like Homejoy, but even better, more efficient, and cheaper!
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