About ServiceMarket
ServiceMarket is a company based in Dubai (United Arab Emirates) founded in 2013 was acquired by Etisalat in February 2023.. ServiceMarket has raised $7.5 million across 5 funding rounds from investors including Etisalat, AddVenture and EII CAPITAL. ServiceMarket offers products and services including Service Booking Platform, Home Cleaning Services, and Moving and Storage. ServiceMarket operates in a competitive market with competitors including Urban Company, Rizek, Justlife, Rafeeg and Yes Plz, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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- Legal Name Service Souk Dmcc
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Products & Services of ServiceMarket
ServiceMarket offers a comprehensive portfolio of products and services, including Service Booking Platform, Home Cleaning Services, and Moving and Storage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for booking home services from professionals
Services for residential and office cleaning needs
Assistance with local and international moving solutions
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Funding Insights of ServiceMarket
ServiceMarket has successfully raised a total of $7.5M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $4.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2018 | Amount | Series B - ServiceMarket | Valuation | AddVenture , EII CAPITAL |
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| Sep, 2016 | Amount | Series A - ServiceMarket | Valuation | AddVenture |
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| Jun, 2015 | Amount | Angel Round - ServiceMarket | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in ServiceMarket
ServiceMarket has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Etisalat, AddVenture and EII CAPITAL. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech companies in Russia are funded by AddVenture VC firm.
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Disruptive tech ventures are funded and built by Glowfish Ventures.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by ServiceMarket
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ServiceMarket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Servicemarket Comparisons
Competitors of ServiceMarket
ServiceMarket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Urban Company, Rizek, Justlife, Rafeeg and Yes Plz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Customers are connected with vetted professionals for on-demand home services.
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Local services are booked via an online marketplace platform.
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| domain | founded_year | HQ Location |
A mobile app is provided for booking various home services.
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Operates a digital hub for hiring local service professionals.
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Coffee brand established in 2016 in Vernon, United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ServiceMarket
When was ServiceMarket founded?
ServiceMarket was founded in 2013.
Where is ServiceMarket located?
ServiceMarket is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is ServiceMarket a funded company?
ServiceMarket is a funded company, having raised a total of $7.5M across 5 funding rounds to date.
What does ServiceMarket do?
ServiceMarket was founded in 2013 in Dubai, United Arab Emirates. An app-based platform is provided for connecting users with local service providers in categories such as moving and storage, cleaning, painting and handyman work, pest control, events, and catering. Services are searched and booked via the app, with payments processed online. The application is accessible on both iOS and Android devices.
Who are the top competitors of ServiceMarket?
ServiceMarket's top competitors include Urban Company, Rizek and Justlife.
What products or services does ServiceMarket offer?
ServiceMarket offers Service Booking Platform, Home Cleaning Services, and Moving and Storage.
Who are ServiceMarket's investors?
ServiceMarket has 4 investors. Key investors include Etisalat, AddVenture, EII CAPITAL, and Glowfish Ventures.
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