RecomN Technologies Sdn. Bhd.
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RecomN Technologies Sdn. Bhd. - overview
Established
2014
Location
Selangor, -, Malaysia
Primary Industry
Internet
About
RecomN Technologies Sdn. Bhd. is a home services platform in Malaysia, connecting customers with qualified professionals for diverse household needs, including cleaning, plumbing, and electrical services. Founded in 2014 and headquartered in Selangor, Malaysia, RecomN Technologies Sdn.
Bhd. provides a platform for home services. The founders, Alex Tan, Anthony Wijaya, and Jes Lua, established the company with the aim to streamline household maintenance. It has successfully completed 5 deals, with the most recent funding round occurring on December 31, 2021, raising USD 1.
00 mn in Series B funding from Brain-Too-Free Ventures and Morning Crest Capital, bringing the total amount raised to USD 1. 00 mn and valuing the company at USD 7. 77 mn post-money. RecomN Technologies Sdn.
Bhd. operates as a comprehensive home services platform in Malaysia, providing various professional services to meet household needs. Core offerings include home cleaning, air conditioning servicing, electrical and wiring services, plumbing, handyman contracting, and appliance maintenance. The platform connects customers with vetted local professionals, addressing household maintenance challenges while ensuring quality service across different regions in Malaysia.
For the year 2023, RecomN Technologies reported a revenue of USD 295,651. 30 and an EBITDA of USD 4,545. The company generates revenue through a transactional model where customers can directly request services from local professionals via their platform, allowing for ad-hoc bookings and secure online payment processing. RecomN Technologies Sdn.
Bhd. plans to utilize its recent Series B funding of USD 1. 00 mn to enhance service offerings and expand into new markets. The company aims to develop additional products to further streamline household maintenance solutions, though specific details on product launches are currently unavailable.
Expanding operations beyond Malaysia into Southeast Asian markets is also on the agenda, with plans for implementation in the next two years.
Current Investors
Gobi Partners, TPV CAPITAL, AddVenture
Primary Industry
Internet
Sub Industries
Consumer Services, Internet
Website
www.recommend.my
Company Stage
Series B
Total Amount Raised
Subscriber access only
RecomN Technologies Sdn. Bhd. - timeline of key events
RecomN Technologies Sdn. Bhd. - financials
| Fiscal Year Ended | Jun 30, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,800 | 226,424 | 458,561 | 2,217,308 | 1,777,306 | 1,431,432 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 383.5% | (19.8%) | (19.5%) | - | - | - |
| EBITDA (USD) | (240,491) | (992,747) | (690,364) | (82,466) | (487,145) | 869 | - | - | - |
| Operating Income (USD) | (240,552) | (996,449) | (699,731) | (92,196) | (496,875) | (9,423) | - | - | - |
| Operating Margin | (1743.1%) | (440.1%) | (152.6%) | (4.2%) | (28.0%) | (0.7%) | - | - | - |
| % EBITDA Margin | (1742.7%) | (438.4%) | (150.6%) | (3.7%) | (27.4%) | 0.1% | - | - | - |
| NET Income (USD) | (240,552) | (995,801) | (699,731) | (92,196) | (496,875) | (26,718) | - | - | - |
| % Net Margin | (1743.1%) | (439.8%) | (152.6%) | (4.2%) | (28.0%) | (1.9%) | - | - | - |
RecomN Technologies Sdn. Bhd. - employee data
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