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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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.
| 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 |
Investments & Acquisitions by LaundryMate
Financial Statements - LaundryMate
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.
| 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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Frequently Asked Questions about LaundryMate
LaundryMate was founded in 2015 and raised its 1st funding round 1 year after it was founded.
LaundryMate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abhinay Choudhari is the current CEO of LaundryMate. They have also founded this 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.
As of Apr 05, 2024, the latest employee count at LaundryMate is 427.
Annual revenue of LaundryMate is $31.1K as on Mar 31, 2021.
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.
LaundryMate's top competitors include UClean, Tumbledry Solutions and Dhobilite.
LaundryMate has 11 investors. Key investors include Pivot Ventures, Bennett, Coleman, Blume Ventures, Ankit Bhati, and Charudatta Deshpande.
The valuation of LaundryMate is $1.47M as of Dec 2016.