French Startup, StarofService, Gains Big Investment to Bang Heads with USA Competitor

Press Release (ePRNews.com) - MANDAUE CITY, Philippines - Apr 17, 2016 - Investors behind two of Europe’s frontrunners in the online industry – JustEat and BlaBla Car – are supporting French startup StarofService. The six-figure investment comes as the latter continues to bang heads with its USA competitor, Thumbtack.

Along with this heavyweight support is the appointment of JustEat’s former CEO and Chairman, Klaus Nyengaard as StarofService’s Head of Advisory Board and BlaBla Car’s newest investor.

With its high resemblance to the Thumbtack model,  this French online marketplace bridges consumers to local professionals that can help them with their needs. Despite its less funds compared to that of their USA competitor, StarofService receives 96,700 requests a month – a number that’s comparatively 10 times higher than Thumbtack’s on its early stage.

Growing with 600% year-to-year since 2014, StarofService earned its position as the biggest marketplace for services in France. With 10,000 new businesses signing up each month, the company has launched – for over a year now – its operations across 80 other countries, including Turkey and the Philippines.

According to Nyengaard, France has been the major contributor of the company’s growth. “While France has provided the majority of growth and momentum for StarOfService so far, the first data from our other embryonic target markets suggests the potential for growth elsewhere is even bigger than in France.” He continued, “We’ve reached a tipping point in the local services space and I’m convinced someone is rapidly going to take the global lead in this huge marketplace, estimated to be worth $400bn. We are going to ensure that the frontrunner is StarOfService.”

When asked about the company’s virtual similarities with Thumbtack, StarofService’s co-founder and CEO, Lucas Lambertini said, “Our vision is bigger. Our success has been unprecedented, but this is just the tip of the iceberg. We have set ourselves very ambitious and aggressive targets moving forward, and we’re confident on our abilities to reach and over-achieve them.”

“Our goal is to become the leading global provider of local services within the next two years, including the USA. We want to be the Uber of local services.”

With investors such as BlaBlaCar’s founders Frédéric Mazzella and Francis Nappez; former eBay and mobile.de executive Ralph Werner; former CEO of Fotolia Oleg Tscheltzoff, plus Point 3 Capital and Kima Ventures, the company has already secured €1.5m in two funding rounds to date.

For more information, visit http://www.starofservice.ph

Source : StarofService
Business Info :
StarOfService

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