MELET SAS

MELET SAS, operating under the brand Eldo, connects consumers with local artisans for home improvement services, offering a platform to access professional profiles and project insights. Founded in 2016 in Toulouse, France, MELET SAS operates as a provider of home improvement solutions via its platform, Eldo. The company has engaged in one deal, raising EUR 3 million in funding on November 4, 2019, from investors including IRDI Capital Investissement and M Capital. The company is led by CEO Jean-Bernard MELET and was founded by Sharuk Uffair.

Eldo specializes in connecting consumers with local artisans and service professionals across various trades involved in home improvement. The company offers a platform where users can access profiles of professionals, review client testimonials, and view photographs and videos of completed projects. By facilitating direct communication, Eldo ensures that users can explain their projects and receive tailored support from a dedicated advisor. This service is designed to address the challenges consumers face in finding trustworthy professionals, thus enhancing the overall experience of home improvement.

Eldo operates primarily in major urban markets such as Paris, Lyon, Marseille, and Bordeaux, targeting homeowners and businesses seeking reliable craftsmanship and expert solutions in home renovation and maintenance. In 2021, MELET SAS reported a revenue of EUR 3,096,781. 20. The company generates revenue through a transaction model that connects service professionals with clients seeking home improvement services, likely operating on a commission basis for successful leads generated through their profiles.

This structure supports various service categories, enabling both B2B and direct-to-consumer interactions, catering to a diverse clientele including individuals, contractors, and businesses requiring skilled labor and services. Following the EUR 3 million raised in November 2019, MELET SAS aims to enhance its platform and expand its market presence. The company plans to introduce new features aimed at improving user experience and facilitating better connections between consumers and service professionals. Additionally, there are intentions to expand into new markets beyond France, targeting urban areas in countries across Europe.

The funding will support product development and marketing strategies to attract a larger user base.