Make data-driven decisions to improve longevity

Provided home cleaning services.

Categories

Housekeeping Service, Laundry Services,

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Reasons for Shutdown

Poor Product-Market Fit

Unable to generate enough hyper-local demand.

Jhonny Jha admitted that they were unable to generate enough hyper-local demand to cut down on logistics time and cost for regular cleaning.

High Burn Rate

Burned more.

It became a vicious cycle where they had to spend more in terms of marketing to generate demand which meant more burn.

Poor Product

Customer reviews were mostly negative.

From customers' reviews, a lot were frustrated with MyDidi's service as the housekeeper had a lot of issues including punctuality, being unprofessional, not being thorough with their work.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Image	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.		Homejoy	15.4%	An online platform for hiring independent home cleaners.	Internet	Consumer Services, Housekeeping Service, Maintenance, Cleaning	United States	-	-	-	-	-	Early Stage	-	-	-	-	-	-	-	-	-	-	-	-	-	50-100	-	-	Inactive	-	-	2013	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		50K Ventures	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Vineel Nalla	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.	Jhonny Jha	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.	Sagar Sen	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
3.	Tushar Jadhav	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	25 Aug 2016	Seed Round	USD 550K	-	-			-	-	-	-	-	Completed
2.	9 Nov 2015	Angel Round	USD 150K	-	-			-	2	-	-	-	Completed