Naspers Foundry Makes First Investment With $2m For Gig Economy Startup SweepSouth [Forbes]
NASPERS LTD S/ADR (NPSNY)
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Source: Forbes
Naspers Foundry Makes First Investment With $2m For Gig Economy Startup SweepSouth SweepSouth is South Africa's "Uber of cleaning services". Internet giant Naspers's Foundry investment fund for South African startups has announced its first big bet with a $2 million (R30 million) investment in gig economy startup SweepSouth. The Cape Town-based firm is an online cleaning service for domestic cleaners in South Africa's major urban centres. It was started in 2013 by couple Aisha Pandor and Alen Ribic, who invested their savings for their children's university studies in the startup after they struggled to find a cleaner. Often referred to as the "Uber of cleaning," SweepSouth has reached $7 million (R100 million) in revenues in the past year. “We went from the two of us working around our dining-room table – both of us sitting all day and working on this business plan – to going from a few domestic workers we were interviewing ourselves,” Pandor has said, and "even went from cleaning ho
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