About Laundryheap
Laundryheap is a company based in London (United Kingdom) founded in 2014 by Mayur Bommai and Deyan Dimitrov.. Laundryheap has raised $10.27 million across 4 funding rounds from investors including Sova VC, The SidebySide Partnership and QVentures. Laundryheap has completed 3 acquisitions, including GetLavado, Laundrapp and Wast. Laundryheap offers products and services including Laundry Service and Mobile App. Laundryheap operates in a competitive market with competitors including Oxwash, Love2Laundry, The Laundry Man App, LaundryRepublic and Laundry Kingdom, among others.
- Headquarter London, United Kingdom
- Founders Mayur Bommai, Deyan Dimitrov
- Stage Minicorn
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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- Legal Name Laundryheap Limited
- Date of Incorporation 29 Aug, 2014
- Jurisdiction LONDON, ENGLAND
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Products & Services of Laundryheap
Laundryheap offers a comprehensive portfolio of products and services, including Laundry Service and Mobile App. 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.
On-demand dry cleaning and laundry with fast delivery
App for booking and managing laundry services
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Funding Insights of Laundryheap
Laundryheap has successfully raised a total of $10.27M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.58 million completed in February 2024. 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 A — $1.6M
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First Round
First Round
(28 Sep 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series A - Laundryheap | Valuation |
investors |
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| Feb, 2021 | Amount | Series A - Laundryheap | Valuation | Sova VC | |
| Oct, 2020 | Amount | Seed - Laundryheap | Valuation |
investors |
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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 Laundryheap
Laundryheap has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Sova VC, The SidebySide Partnership and QVentures. 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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Founded Year | Domain | Location | |
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Investment in innovative tech-enabled businesses is facilitated for growth.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by QVentures venture capital fund.
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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
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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 Laundryheap
Laundryheap has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include GetLavado, Laundrapp and Wast. 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
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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On-demand laundry and dry cleaning solutions
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2016 | ||||
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Online laundry services are provided for homes and offices.
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2016 | ||||
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Dry cleaning services are delivered via app across UK cities.
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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.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Laundryheap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Laundryheap Comparisons
Competitors of Laundryheap
Laundryheap 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 Oxwash, Love2Laundry, The Laundry Man App, LaundryRepublic and Laundry Kingdom, 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 |
App-based on-demand laundry services are provided for homes and businesses.
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| domain | founded_year | HQ Location |
App-based laundry pickup, washing, and delivery services are managed.
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| domain | founded_year | HQ Location |
Provides app-based laundry and dry cleaning with pick-up, cleaning, and delivery services.
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| domain | founded_year | HQ Location |
Operates a digital platform for hassle-free laundry and dry cleaning collection, cleaning, and delivery in London.
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| domain | founded_year | HQ Location |
Professional laundry and dry cleaning services with pickup and delivery options.
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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 Laundryheap
Frequently Asked Questions about Laundryheap
When was Laundryheap founded?
Laundryheap was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Laundryheap located?
Laundryheap is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Laundryheap?
Deyan Dimitrov is the current CEO of Laundryheap. They have also founded this company.
Is Laundryheap a funded company?
Laundryheap is a funded company, having raised a total of $10.27M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.58M, raised on Sep 28, 2017.
What does Laundryheap do?
Laundryheap was founded in 2014 in London, United Kingdom, within the laundry services sector. Partnership-based operations are conducted through a mobile app available on iOS and Android devices. Customers laundry pickups are scheduled by specifying collection addresses and delivery times, with services completed and items returned contactlessly. Payments are processed directly in the app.
Who are the top competitors of Laundryheap?
Laundryheap's top competitors include Oxwash, Love2Laundry and The Laundry Man App.
What products or services does Laundryheap offer?
Laundryheap offers Laundry Service and Mobile App.
How many acquisitions has Laundryheap made?
Who are Laundryheap's investors?
Laundryheap has 4 investors. Key investors include Sova VC, The SidebySide Partnership, QVentures, and Simon Smith.
What is Laundryheap's valuation?
The valuation of Laundryheap is $36.09M as of Oct 2020.
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