About Laundrapp
Laundrapp is a company based in London (United Kingdom) founded in 2014 was acquired by Laundryheap in April 2022.. Laundrapp has raised $16.61 million across 4 funding rounds from investors including Laundryheap, Rupert Hambro and Hambro Perks. The company has 96 employees as of January 31, 2019. Laundrapp has completed 1 acquisition, including ZipJet. Laundrapp offers products and services including Laundry Service, Dry Cleaning, and Ironing Service. Laundrapp operates in a competitive market with competitors including ZipJet, Ihateironing, Spyn, 60 Second Laundry and Asteria Cleaners, among others.
- Headquarter London, United Kingdom
- Employees 96 as on 31 Jan, 2019
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Laundrapp Limited
- Date of Incorporation 01 Apr, 2014
- Jurisdiction LONDON
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.61 M (USD)
in 4 rounds
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Latest Funding Round
$6.61 M (USD), Series B
Aug 01, 2016
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Investors
Laundryheap
& 6 more
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Employee Count
96
as on Jan 31, 2019
- Investments & Acquisitions
- Acquired by
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Products & Services of Laundrapp
Laundrapp offers a comprehensive portfolio of products and services, including Laundry Service, Dry Cleaning, and Ironing Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App-based laundry with fast collection and delivery options.
Premium dry cleaning for clothes and home items with 24-hour turnaround.
Professional ironing included in laundry packages for convenience.
Funding Insights of Laundrapp
Laundrapp has successfully raised a total of $16.61M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6.61 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $6.6M
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First Round
First Round
(01 Jan 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series B - Laundrapp | Valuation |
investors |
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| Mar, 2015 | Amount | Series A - Laundrapp | Valuation | Michael Spencer , Jeff Blue |
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| Jan, 2015 | Amount | Seed - Laundrapp | Valuation | Rupert Hambro |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Laundrapp
Laundrapp has secured backing from 7 investors, including angel and institutional investors. Prominent investors backing the company include Laundryheap, Rupert Hambro and Hambro Perks. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital, debt, private equity, and secondary market funds focused on technology, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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RH
Rupert Hambro |
British investor, active in India, focuses on tech and innovation startups
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Founded Year | Domain | Location |
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DP
Dominic Perks |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Laundrapp
Laundrapp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ZipJet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Rocket internet backed app-based laundry and dry cleaning services in London and Berlin
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Laundrapp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Laundrapp Comparisons
Competitors of Laundrapp
Laundrapp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZipJet, Ihateironing, Spyn, 60 Second Laundry and Asteria Cleaners, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Rocket internet backed app-based laundry and dry cleaning services in London and Berlin
|
|
| domain | founded_year | HQ Location |
On demand laundry service
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| domain | founded_year | HQ Location |
Mobile application to discover sports coaches, venues and to schedule matches
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| domain | founded_year | HQ Location |
Operates a digital platform for convenient laundry and dry cleaning service orders.
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| domain | founded_year | HQ Location |
On-demand laundry service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Laundrapp
Frequently Asked Questions about Laundrapp
When was Laundrapp founded?
Laundrapp was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Laundrapp located?
Laundrapp is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Laundrapp a funded company?
Laundrapp is a funded company, having raised a total of $16.61M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.76M, raised on Jan 01, 2015.
How many employees does Laundrapp have?
As of Jan 31, 2019, the latest employee count at Laundrapp is 96.
What does Laundrapp do?
Laundrapp is an app and online based dry cleaning services in London. Laundrapp brings dry cleaning direct to users door with free collection and delivery. Operates in London and other cities in the UK like Edinburgh, Birmingham, Manchester, etc. Prices begin from 1.50 per shirts, with a minimum bucket size. Operates 7 days a week, with advance booking options. Also started offering corporate laundry services in the UK. The supporting app is available for download on App Store and Google Play.
Who are the top competitors of Laundrapp?
Laundrapp's top competitors include ZipJet, Ihateironing and Spyn.
What products or services does Laundrapp offer?
Laundrapp offers Laundry Service, Dry Cleaning, and Ironing Service.
How many acquisitions has Laundrapp made?
Laundrapp has made 1 acquisition, including ZipJet.
Who are Laundrapp's investors?
Laundrapp has 7 investors. Key investors include Laundryheap, Rupert Hambro, Hambro Perks, Dominic Perks, and Michael Spencer.