On-demand cleaning proves profitable for two startups

Dan Teran, co-founder and CEO of Managed by Q. Photo: Noam Galai / Getty Images

Many gig economy startups have shut their doors, but two on-demand cleaning companies are showing signs of economic viability:

  • Handy, which provides cleaning and other home services, is profitable and cash flow positive, a source tells Axios.
  • Managed by Q, which provides cleaning and other office management services, said on Friday that its core office services business is profitable. Not included in that top-line math: employee stock grants, NYC headquarters rent and expenses for employees not working on that core business.