About Laundrygo
Laundrygo is a company based in Seoul (South Korea) founded in 2019.. Laundrygo has raised $37 million across 1 funding round from investors including Musinsa, KB Securities and Aju IB Investment. Laundrygo offers products and services including 런드리고 App, 런드리24, and 런드리고 호텔&비즈니스. Laundrygo operates in a competitive market with competitors including Cleantopia and 100Min, among others.
- Headquarter Seoul, South Korea
-
Sectors
Business Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 의식주컴퍼니
- Jurisdiction Na, Maharashtra, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$37 M (USD)
in 1 rounds
-
Latest Funding Round
$37 M (USD), Series C
Nov 21, 2022
-
Investors
Musinsa
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Laundrygo
Laundrygo offers a comprehensive portfolio of products and services, including 런드리고 App, 런드리24, and 런드리고 호텔&비즈니스. 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 for scheduling laundry pickup, cleaning, and delivery services.
24/7 self-service facility for dry cleaning and washing needs.
Professional laundry solutions tailored for hotels and businesses.
Funding Insights of Laundrygo
Laundrygo has successfully raised a total of $37M through 1 strategic funding round. The most recent funding activity was a Series C round of $37 million completed in November 2022. 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 1
- Last Round Series C — $37.0M
-
First Round
First Round
(21 Nov 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series C - Laundrygo | Valuation | H&Q Korea |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Laundrygo
Laundrygo has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Musinsa, KB Securities and Aju IB Investment. 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 |
|---|---|---|---|---|
|
Value is created by H&Q Korea in private equity markets.
|
Founded Year | Domain | Location | |
|
Early-stage companies are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Diversified investment, VC & financial advisory firm
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Laundrygo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Laundrygo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Laundrygo Comparisons
Competitors of Laundrygo
Laundrygo 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 Cleantopia and 100Min, 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 |
Provider of laundry services for consumer
|
|
| domain | founded_year | HQ Location |
100Min delivers reliable laundry services to meet everyday cleaning needs.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Laundrygo
Frequently Asked Questions about Laundrygo
When was Laundrygo founded?
Laundrygo was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Laundrygo located?
Laundrygo is headquartered in Seoul, South Korea.
Who is the current CEO of Laundrygo?
Cho Seung-woo is the current CEO of Laundrygo.
Is Laundrygo a funded company?
Laundrygo is a funded company, having raised a total of $37M across 1 funding round to date. The company's 1st funding round was a Series C of $37M, raised on Nov 21, 2022.
What does Laundrygo do?
Laundrygo was founded in 2019 in Seoul, South Korea, as a provider of mobile laundry services. Contact-free operations are emphasized, with next-day doorstep delivery offered to urban customers. Smart laundry solutions are developed, focusing on sustainability within the consumer services sector. The company serves the local market through its digital platform.
Who are the top competitors of Laundrygo?
Laundrygo's top competitors include Cleantopia and 100Min.
What products or services does Laundrygo offer?
Laundrygo offers 런드리고 App, 런드리24, and 런드리고 호텔&비즈니스.
Who are Laundrygo's investors?
Laundrygo has 7 investors. Key investors include Musinsa, KB Securities, Aju IB Investment, Hanwha Investment & Securities, and H&Q Korea.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.