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Monday, January 30, 2017

MyDidi acquires TimeMyTask in all stock deal

Mumabi based on demand cleaning service startup MyDidi acquired TimeMyTask in all stock deal. The company will absorb all the employees and the technology stack of TimeMyTask.

Now the merged entity value will be $10-$15 million.

Jhonny Jha MyDidi CEO said, TimeMyTask has about 10,000 customers and a fleet of 200 cleaners who will join our team. That would help us multiply our customer base by 1.5 times. MyDidi now can  access to B2B operations in Delhi, Bengaluru and Pune apart from its own B2C business in Mumbai.

Also read: Vodafone may merge with Idea to Counter Reliance Jio

TimeMyTask cofounders Saurav Suman and Mohit Verma will lead the B2B segment for the new entity.

TimeMyTask cofounders Saurav Suman said, We plan to introduce commercial cleaning as a service. The merger will help us tackle the whole cleaning problem with three vast categories, namely on-demand maids, deep cleaning and commercial cleaning.

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