Pickmylaundry, a Gurgaon-based on demand laundry startup has raised $200k in a new funding round from Kedar Lele (a top level executive of a leading FMCG major) and existing investor GHV Accelerator. The startup has raised about $200K and had commitment of another $300K from a couple of angels. The new round of funding will use the newly raised funding in expanding its operations to entire NCR and explore opportunities in other cities.
Pickmylaundry will also set up offline stores to reduce the last mile logistics cost, which is at currently around Rs 100 per order. “We will also roll out 24 hours delivery service and overnight service,” said Gaurav Agarwal, Founder, Pickmylaundry.
Founded by Gaurav Agarwal, along with Ankur Jain and Samar Sisodia in May 2015, Pickmylaundry had previously raised $100k from Anurag Kapoor, Executive Director of the Gurgaon-based GHV Accelerator. The startup provides premium washing and dry cleaning service leveraging mobile based technology. It picks up your dirty duds from your doorstep and deliver fresh, clean clothes back at your doorstep.
Pickmylaundry has also started B2B services (such as linen laundry for hotels and guest houses) in June this year. The platform estimates a revenue of Rs 10 lakh plus from B2B services alone.
The recent deals in this space include: In November 2015, Wassup acquired Chamak for an undisclosed amount in an all-equity deal. Delhi-based Tooler shut shop early this year, while Hyderabad-based Ezeewash got acqui-hired in a structured full equity deal by Wassup. Earlier in February, Housejoy acquihired on-demand laundry startup Mywash for an undisclosed amount. Recently, Mumbai-based Doormint ceased operations.