Faith Capital invests in Justmop’s home cleaning platform as GCC’s $2.5 billion home cleaning space booms
Kuwait-based venture capital fund Faith Capital Holding today declared a key investment alongside four other significant investors in the most recent financing round for Justmop, the Dubai-dependent on demand cleaning services platform.
The venture by Faith Capital signifies strong belief in the booming home cleaning sector and the exceptional team of business people behind the start-up.
As the significant investor in JustClean, Faith Capital is as of now driving their progressing extension of the innovation organization which is changing the regional laundry business. This investment will make clear synergies among JustClean and Justmop, and implies a strong belief in the two enterprises the same.
"We're satisfied to affirm our investment in Justmop, on the grounds that we trust in this space and its ability to develop," said Faith Capital and JustClean's CEO Mohammed Jaffar. "We accept similarly in the organization's synergies with JustClean, and together we share a pledge to acquire progression in an industry that has historically been run without technology."
JustClean offers B2B and B2C administrations including a laundry marketplace application, SaaS (software as a help) and a developing logistics operation in Kuwait, the UAE, Bahrain, and Saudi Arabia.
As of now operational in 11 urban areas around the GCC, Justmop enables its clients to schedule weekly, bi-weekly, or one-off cleaning appointments with reliable and trustworthy home cleaning experts.
Justmop's Co-Founder and CEO Ali Cagatay Ozcan stated: "With the momentum we increase through Faith Capital's investments, we are presently at a quantum leap stage to digitally change the GCC's US$2.5 billion home cleaning industry. This digitalization opportunity is monstrous and untapped, and we are getting down to work hard to advance our region into the computerized future"
Kerem Kuyucu, Co-Founder of Justmop included: "We accept this organization will empower us to accomplish our vision of making the go-to platform for anything related with home services. With this investment, we enter a period where we strongly center on the interruption of the conventional home cleaning space."
Athbi Al Enezi Co-Founder of JustClean stated: "This is a positive advancement for two key areas inside the cleaning business. It's likewise a critical advance towards modernizing the traditional offline cleaning division, something that JustClean has had faith in since its inception."
Caption: Picture are (back L to R) JustClean Co-Founder Nouri Al-Enezi, CEO Mohammed Jaffar and Co-Founder Athbi Al-Enezi
(front L to R) Justmop Co-Founder & CEO Ali Cagatay Ozcan and Co-Founder Kerem Kuyucu.