The Singapore-based company managed to snag the seed funding from Rapzo Capital

Singapore-grown online marketplace for household service Ovvy announced that it has secured Announces S$600k (US$435k) seed funding Ovvy from the investment firm Rapzo Capital.

Ovvy said it will use the funding to extend Ovvy’s existing B2C solutions into the B2B sphere, as well as to extend services beyond the household sphere and into other everyday services that businesses use.

Ovvy was launched in Singapore in June 2018 by entrepreneurs Thomas Beattie and Mia Gigandet. The company seeks to connect buyers with merchants who offer services like cleaning, repair and moving.

The Ovvy app allows users to search for workers by scrolling individual profiles, browse service ratings, and peruse user reviews that are also obtained from an integrated Facebook review. Users can post detailed job requests together with an asking price that merchants then bid for.

“We believe Ovvy has its hand on local service practices and user concerns and is positioned to succeed in a challenging space where others have faltered,” said Stuart McLelland, Managing Partner at Rapzo Capital, in regards to the funding.

To date, Ovvy claimed that it has secured 30,000 downloads, of which some 20,000 are active users of the app (including service providers).

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Ovvy’s app is free to download and use but both users and service providers are charged a small transaction fee for each service they commission through the app.

Moving forward, the company said it plans to expand its category of B2C services to areas such as pest control, pet sitting, and others. Ovvy also plans to further expand its service offering to cater to B2B customers, especially SME enterprises requiring services like graphic designers, social media content creators, and web developers.
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