B8ak
Offers an online home-service marketplace app on phones.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
$2.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 39 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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B8ak operates as an on-demand home maintenance and services platform, connecting homeowners and landlords with a network of verified service providers in Saudi Arabia and Bahrain. The company was founded in 2015 by CEO Khalid Al-Hmili and CTO Eyad Al-Shabaan. They identified a two-sided market challenge: customers struggled to find convenient and high-quality home services, while service providers lacked efficient operational support. B8ak was developed to address this gap.
The company's journey includes several key milestones, notably securing a $2 million seed funding round in June 2018, led by Riyad Taqnia Fund with participation from Dar wa Emaar Development and Investment Company. This capital was aimed at enhancing the platform's technology and fueling expansion across Saudi Arabia and the wider GCC region. Prior to this, B8ak had won the Startup Track at the first MIT Enterprise Forum in Saudi Arabia in 2016, receiving a prize of approximately $26,000.
B8ak's business model centers on taking a commission fee from its service providers for each job completed through the platform. The service is accessible via iOS and Android mobile applications, which allow users to book a wide array of services. These include maintenance tasks like plumbing, electrical work, and air conditioning servicing, as well as cleaning services, pest control, and even in-home beauty services like manicures and massages. The platform provides a back-end system for service providers to manage bookings and increase their business efficiency. For customers, the app offers features such as instant booking, a rating and review system to ensure quality, an expense management tool, and a 30-day warranty on completed services. B8ak also operates a store within the app, selling smart home products to further enhance the home environment.
Keywords: home services, on-demand maintenance, Saudi Arabia, handyman marketplace, property maintenance, plumbing services, electrical services, AC maintenance, home cleaning, facility management, B2C services, GCC market, mobile application, home repair, verified professionals, B8ak, Baitak, Riyadh, Jeddah, Khobar, Bahrain, booking platform, home beauty services