Recap: HomeJoy Goes Bankrupt

The house cleaning and repair company that everyone knew by the name of Homejoy Inc. has recently made the decision to file for bankruptcy within the well-known chapter 11 of bankruptcy. This company was well-known for having commercials which had the famous star David Hasselhoff as the center of the act. The case for the Homejoy bankruptcy was actually filed in the location of San Jose. This happened around the amount of 5 months after Homejoy had already started to tell all of their consumers that they would be closing their doors for good.

Handy

The company known as Handy is a company that is a two-sided market location that helps with cleaning residential homes and they also are able to provide other types of home services that their clients need. This famous company was actually founded in the year of 2012. They are currently operating in many different locations, including the United Kingdom, the United States and also in Canada.

The History Behind the Handy Company

This well-known company was founded by a group of people, Umang Dua, Oisin Hanrahan, Ignacio Leonhardt and Weina Scott. When these four people founded the Handy company, it was originally named Handybook. At the time of the creation of the Handybook company, Dua and Hanrahan were both going to the same college, Harvard Business School, and they were also roommates at the time too. They chose the Handybook name because of the fact that they wanted their business to be a company that people would be able to book both cleaning and also handyman services at times that were convenient to them.

The year of 2014 was the year that the Handybook company had made the decision to change their name to the name Handy, during the month of September. The Handy company attempted to buy the Homejoy company in the year of 2015, but the company ended up shutting down, therefor not being able to be bought. The Handy company currently employs over 160 different people with their company that are working full-time jobs and raised $50 million in funding. Around the amount of 80% of the bookings that the Handy company receive are actually coming from the clients that repeat their business with them, meaning that they are a great company to work with.

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