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April 18, 2013

Deal Alert: Unitus, Mumbai Angels invest in handyman services firm Jack On Block

Global investment firm Unitus Seed Fund has completed its investment in Bangalore-based facilities management company Jack On Block, which offers handyman and maintenance services to homes and small businesses. Along with Unitus Seed Fund, angel investors Mumbai Angels and Bangalore Angels have also invested in Jack On Block. Unitus Capital was the financial advisor and Impact Law Ventures, the legal advisor on this transaction.

Founded in 2012, Jack On Block’s model includes hiring unskilled and semiskilled workers from low-income families, training and then finally integrating them into the formal sector. It now services over 2,000 customers in Bangalore with a staff of over 90 employees.

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