About LaundryMate
LaundryMate is a company based in Bengaluru (India) founded in 2015 by Tripat Preet Singh, Pushpendra Yadav, Asad Zaidi, Raghavendra Joshi, Uday Vijayan, and Abhinay Choudhari.. LaundryMate has raised $6.31 million across 3 funding rounds from investors including Pivot Ventures, Bennett, Coleman and Blume Ventures. The company has 427 employees as of April 05, 2024. LaundryMate operates in a competitive market with competitors including UClean, Tumbledry Solutions, Quick Smart Wash, LaundroKart and OneClickWash, among others.
- Headquarter Bengaluru, India
- Employees 427 as on 05 Apr, 2024
- Founders Tripat Preet Singh, Pushpendra Yadav, Asad Zaidi, Raghavendra Joshi, Uday Vijayan, Abhinay Choudhari
- 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
*********
- Legal Name New Age Consumer Services Private Limited
- Date of Incorporation 27 Mar, 2015
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$31.1 K (USD)-68.69as on Mar 31, 2021
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Net Profit
$50.52 K (USD)166.36as on Mar 31, 2021
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EBITDA
$-23.35 K (USD)54.77as on Mar 31, 2021
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Total Equity Funding
$6.31 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Pivot Ventures
& 10 more
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Employee Count
427
as on Apr 05, 2024
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Funding Insights of LaundryMate
LaundryMate has successfully raised a total of $6.31M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(15 Dec 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - LaundryMate | Valuation |
investors |
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| May, 2023 | Amount | Seed - LaundryMate | Valuation |
investors |
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| Dec, 2016 | Amount | Angel Round - LaundryMate | Valuation | Harsha Vardhan Reddy |
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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 LaundryMate
LaundryMate has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Pivot Ventures, Bennett, Coleman and Blume Ventures. 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 investments in technology, consumer, and fintech platforms across India and beyond.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Printed newspapers are published by Bennett, Coleman in India.
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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 LaundryMate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 |
Financial Statements - LaundryMate
| 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 |
Laundrymate Comparisons
Competitors of LaundryMate
LaundryMate 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 UClean, Tumbledry Solutions, Quick Smart Wash, LaundroKart and OneClickWash, 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 |
Laundry and dry cleaning services are provided with doorstep delivery.
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| domain | founded_year | HQ Location |
Dry cleaning, laundry, and specialized garment care with home pickup and delivery services.
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| domain | founded_year | HQ Location |
On-premise and off-premise laundry and linen management services are provided.
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| domain | founded_year | HQ Location |
Offers convenient on-demand laundry and dry cleaning services.
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| domain | founded_year | HQ Location |
Online laundry & dry cleaning 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 Laundrymate
Frequently Asked Questions about LaundryMate
When was LaundryMate founded?
LaundryMate was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is LaundryMate located?
LaundryMate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LaundryMate?
Abhinay Choudhari is the current CEO of LaundryMate. They have also founded this company.
Is LaundryMate a funded company?
LaundryMate is a funded company, having raised a total of $6.31M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $59.23K, raised on Dec 15, 2016.
How many employees does LaundryMate have?
As of Apr 05, 2024, the latest employee count at LaundryMate is 427.
What is the annual revenue of LaundryMate?
Annual revenue of LaundryMate is $31.1K as on Mar 31, 2021.
What does LaundryMate do?
LaundryMate was established in 2015 in Bengaluru, India, within the consumer services sector focused on laundry operations. Services such as wash and iron, steam iron, and dry cleaning are delivered through an online platform and mobile app compatible with Android and iOS devices. Orders are booked digitally, with pickup and drop-off handled at customer locations. Payments are accepted via online portals or cash on delivery.
Who are the top competitors of LaundryMate?
LaundryMate's top competitors include UClean, Tumbledry Solutions and Dhobilite.
Who are LaundryMate's investors?
LaundryMate has 11 investors. Key investors include Pivot Ventures, Bennett, Coleman, Blume Ventures, Ankit Bhati, and Charudatta Deshpande.
What is LaundryMate's valuation?
The valuation of LaundryMate is $1.47M as of Dec 2016.