About PickMyLaundry
PickMyLaundry is a company based in Gurugram (India) founded in 2015 by Bhupender Beniwal.. PickMyLaundry has raised $300 thousand across 2 funding rounds from investors including GHV Accelerator, Kedar Lele and Shailesh Tekurkar. The company has 6 employees as of December 24, 2024. PickMyLaundry has completed 1 acquisition, including OneClickWash. PickMyLaundry offers products and services including Wash & Fold, Wash & Iron, Premium Laundry, and Dry Cleaning. PickMyLaundry operates in a competitive market with competitors including MyWash, Wish2wash, Flashdoor, Urban Dhobi and Dhobilocker, among others.
- Headquarter Gurugram, India
- Employees 6 as on 24 Dec, 2024
- Founders Bhupender Beniwal
- Stage Minicorn
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pml Solutions Private Limited
- Date of Incorporation 20 May, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$215.5 K (USD)-2.24as on Mar 31, 2019
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Net Profit
$-49.23 K (USD)41.13as on Mar 31, 2019
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EBITDA
$-40.54 K (USD)45.9as on Mar 31, 2019
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Total Equity Funding
$300 K (USD)
in 2 rounds
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Latest Funding Round
$200 K (USD), Seed
Oct 31, 2016
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Investors
GHV Accelerator
& 5 more
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Employee Count
6
as on Dec 24, 2024
- Investments & Acquisitions
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Products & Services of PickMyLaundry
PickMyLaundry offers a comprehensive portfolio of products and services, including Wash & Fold, Wash & Iron, Premium Laundry, and Dry Cleaning. 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.
Washing and folding clothes with free delivery.
Washing and ironing for casual wear.
High-quality cleaning for formal clothes.
Professional cleaning for expensive garments.
Funding Insights of PickMyLaundry
PickMyLaundry has successfully raised a total of $300K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $200 thousand completed in October 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 2
- Last Round Seed — $200,000
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First Round
First Round
(25 Aug 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - PickMyLaundry | Valuation | GHV Accelerator | |
| Aug, 2015 | Amount | Seed - PickMyLaundry | Valuation | GHV Accelerator |
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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 PickMyLaundry
PickMyLaundry has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include GHV Accelerator, Kedar Lele and Shailesh Tekurkar. 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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Startup accelerator
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Founded Year | Domain | Location | |
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KL
Kedar Lele |
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Founded Year | Domain | Location |
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ST
Shailesh Tekurkar |
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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.
|
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 PickMyLaundry
PickMyLaundry has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OneClickWash. 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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Online laundry & dry cleaning service provider
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2015 |
| 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.
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2014 |
Financial Statements - PickMyLaundry
| 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 |
Pickmylaundry Comparisons
Competitors of PickMyLaundry
PickMyLaundry 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 MyWash, Wish2wash, Flashdoor, Urban Dhobi and Dhobilocker, 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 |
On-demand online laundry and dry-cleaning services are provided.
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| domain | founded_year | HQ Location |
Serves as an aggregator platform connecting users with offline laundry service providers.
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| domain | founded_year | HQ Location |
Provides on-demand laundry services for convenient and efficient home cleaning needs.
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| domain | founded_year | HQ Location |
Provider of an on-demand laundry service
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| domain | founded_year | HQ Location |
Provides digital locker-based laundry services.
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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 Pickmylaundry
Frequently Asked Questions about PickMyLaundry
When was PickMyLaundry founded?
PickMyLaundry was founded in 2015.
Where is PickMyLaundry located?
PickMyLaundry is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of PickMyLaundry?
Bhupender Beniwal is the current CEO of PickMyLaundry. They have also founded this company.
Is PickMyLaundry a funded company?
PickMyLaundry is a funded company, having raised a total of $300K across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Aug 25, 2015.
How many employees does PickMyLaundry have?
As of Dec 24, 2024, the latest employee count at PickMyLaundry is 6.
What is the annual revenue of PickMyLaundry?
Annual revenue of PickMyLaundry is $215.5K as on Mar 31, 2019.
What does PickMyLaundry do?
PickMyLaundry was founded in 2015 and is headquartered in Gurugram, India. Operations focus on the on-demand laundry sector, where washing and dry cleaning services are provided through a mobile application available on Android and iOS platforms. Doorstep pickup and delivery are facilitated for users placing orders via the app, serving customers in the region. The service is accessible through the Google Play Store and Apple App Store.
Who are the top competitors of PickMyLaundry?
What products or services does PickMyLaundry offer?
PickMyLaundry offers Wash & Fold, Wash & Iron, Premium Laundry, and Dry Cleaning.
How many acquisitions has PickMyLaundry made?
PickMyLaundry has made 1 acquisition, including OneClickWash.
Who are PickMyLaundry's investors?
PickMyLaundry has 6 investors. Key investors include GHV Accelerator, Kedar Lele, Shailesh Tekurkar, Sidharth Shankar Mishra, and Indranil Mitra.
What is PickMyLaundry's valuation?
The valuation of PickMyLaundry is $1.97M as of Oct 2016.