(MENAFNEditorial) Klaus Nyengaard,the former CEO of JustEat, has thrown his weight behind local services marketplace StarOfService Nyengaard has been appointed Head of Advisory Board, and joins the founders of BlaBlaCar as a fellow investor in the French start-up as it embarks on an ambitious global expansion.
StarOfService helps consumers to find local services to meet their specific needs, including more niche ones like photographers, language teachers or DJs. It has been growing at 600% year-on-year since it was founded two years ago and is the biggest marketplace of its kind in France; more than 100,000 requests are made through the site, and around 10,000 new businesses signing up, each month.
The company is now looking to stamp its mark on new territories in the next six-months including India, Turkey, Australia and Canada. It is also hoping to have a UK sales and support team in place in London.
They have set themselves very ambitious and aggressive targets, and are confident in achieving those. Their figures show it growing almost ten times faster than Thumbtack, the biggest local service marketplace out there right now, recently valued at $1.38bn, but it caters solely for the USA market.
StarOfService has raised 1.5m in two funding rounds to date. Investors include BlaBlaCar founders Frdric 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. A new Series A funding round is in the pipeline.
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