Hyderabad based SBricks acquires HomeCues3 years ago Saritha Keshamoni
Hyderabad based startup SBricks that is into facility management and home services and acquired another Hyderabad based start-up HomeCues, an aggregator of housekeeping services in an all stock deal.
The CEO of SBricks, Nithin Devireddy, said that the similarity in the businesses of the two companies provided an ideal opportunity for a merger. “We thought this would be good synergy, bringing together our last-mile ownership and their aggregator model under one umbrella. We are aiming at standardising home services. Once we have created a perfect model in Hyderabad, replicating this to other cities is not going to be a problem” said Devireddy.
HomeCues, operated by Homefix Technologies India Pvt. Ltd, claims to have handled about 25,000 clients since its inception in 2014 while SBricks claims to have serviced over 50,000 customers since 2015 . SBricks currently offers their services in 5 cities.
Earlier in 2015, SBricks had acquired another facility management services company called Melway. Also, SBRICKS featured as part of Hyderabad Hottest 10 Startups by Hysea