24 FIX
On-demand platform for comprehensive home repair services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
$4.3m | Series A | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 265 % | 42 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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24 FIX is a Thai-based company that operates a platform for home maintenance and repair services. Founded in 2018, with its service formally launching in March 2019, the company aims to address the common challenges homeowners face in finding reliable, quality technicians at standardized prices. The concept was developed by a group of co-founders with backgrounds in the real estate and construction industries who identified a gap in post-project maintenance and the difficulty customers had in sourcing trustworthy repair services. The CEO is Kanisorn Meepong.
The company provides an end-to-end service, managing the entire repair process from initial customer contact to job completion. Clients can request services through the company's website, social media channels, or call center by describing the issue and submitting photos, which allows 24 FIX's engineering team to provide a price estimate remotely. This model connects customers with a network of vetted and trained technicians for a wide array of jobs, including plumbing, electrical work, air conditioner servicing, painting, and roofing. 24 FIX handles the procurement and supply of materials by partnering with over 500 building material stores across Bangkok, ensuring quality and price control.
The business model serves both individual homeowners (B2C) and businesses (B2B), such as restaurants and offices, which constitute about 60% and 40% of their client base, respectively. Revenue is generated by facilitating repair jobs that range from minor fixes to small-scale renovations. The platform ensures payment security for both parties; technicians are paid upon successful job completion, which mitigates the risk of abandoned projects for customers and non-payment for technicians. Since its inception, the company has completed thousands of jobs and has received venture capital funding from investors including Krungsri Finnovate and BCH Ventures to support its growth.
Keywords: home repair, maintenance services, on-demand technicians, property care, electrical services, plumbing services, air conditioner repair, handyman services, home renovation, property maintenance, facility management, B2B maintenance, B2C home services, Bangkok, Thailand, home services platform, vetted technicians, standardized pricing