Since 2012, Handy (then HandyBook) has quickly grown to be one of the biggest companies offering on demand services to home owners. This is an incredible growth in just three years of operation. However, for co-founder Oisin Hanrahan, the sky is the limit.
Handy is poised to become the biggest and most sought after home services company. It aims to penetrate into more markets and offer its growing clientele more services. Recently, Handy announced that it had successfully raised another $50 million funds that will be used within the next six months to expand the firm and solidify its place in the market.
Speaking in a recent interview, Oisin Hanrahan, the brains behind the company, stated that the original idea for Handy came to him in Hungary. He had just finished his undergraduate studies and had secured a job in Hungary. He realized the great demand, and inefficiencies, of home services. Later in London, he saw an opportunity to offer these services as on demand while working for a taxi service.
However, Hanrahan would shelve the idea until he joined Harvard. Together with his roommate, he developed the idea, and was able to raise some seed funding worth $50,000. They dropped out, left for New York and started Handybook. They chose the city because it offered a big and ready market and true enough, they were off with a flying start.
Hanrahan reiterated that so long as the firm was the biggest player in the market, it would continue to prosper. This is because it can operate at lower unit costs while spending less to attract and retain customers. Handy has employed about 160 staff and about 10,000 contractors. He said that Handy has no immediate plans to hire the latter as permanent staff.
Formed in 2012, the Handy provides home and Handyman services. It is an online company that has its headquarters in New York City, US. It was founded by Oisin Hanrahan, Umang Dua, Weina Scott and Ignacio Leonhadt. It operates in over 28 cities located in the US, Canada as well as The UK. It is currently worth around $500 million.