About Washmen
Washmen is a company based in Dubai (United Arab Emirates) founded in 2015 by Rami Shaar.. Washmen has raised $6.6 million across 3 funding rounds from investors including AddVenture, Cedar Mundi Ventures and B&Y Venture Partners. Washmen offers products and services including Clean & Press, Wash & Fold, HomeCare, ShoeCare, and BagCare. Washmen operates in a competitive market with competitors including LaundryMan, ZenBoxed, 5asec, Mega Laundry and Bubble Care Express, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Rami Shaar
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.6 M (USD)
in 3 rounds
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Latest Funding Round
$6.2 M (USD), Series B
Jul 09, 2019
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Investors
AddVenture
& 5 more
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Employee Count
Employee Count
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Products & Services of Washmen
Washmen offers a comprehensive portfolio of products and services, including Clean & Press, Wash & Fold, HomeCare, ShoeCare, and BagCare. 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.
Dry cleaning and pressing for professional garment maintenance
Washing, drying, and folding of clothes without ironing
Cleaning and pressing of bedding and towels
Cleaning, polishing, and restoration of shoes
Cleaning and restoration of bags
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Funding Insights of Washmen
Washmen has successfully raised a total of $6.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6.2 million completed in July 2019. 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 Series B — $6.2M
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First Round
First Round
(06 Nov 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series B - Washmen | Valuation | AddVenture | |
| Dec, 2016 | Amount | Seed - Washmen | Valuation | AddVenture |
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| Nov, 2015 | Amount | Angel Round - Washmen | Valuation | Ali Dayekh |
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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 Washmen
Washmen has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include AddVenture, Cedar Mundi Ventures and B&Y Venture Partners. 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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Tech companies in Russia are funded by AddVenture VC firm.
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Founded Year | Domain | Location | |
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Venture capital investments in early-stage disruptive technologies are provided.
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Founded Year | Domain | Location | |
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Global tech firms are funded at seed and growth stages.
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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 Washmen
| 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 |
Financial Statements - Washmen
| 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 |
Washmen Comparisons
Competitors of Washmen
Washmen 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 LaundryMan, ZenBoxed, 5asec, Mega Laundry and Bubble Care Express, 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 |
Fast dry cleaning and shoe restoration services via app in Dubai.
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| domain | founded_year | HQ Location |
Provides online laundry services in Dubai using a secure locker system.
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| domain | founded_year | HQ Location |
Textile care brand offering laundry services
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| domain | founded_year | HQ Location |
Offers washing, dry cleaning, ironing, and delivery services in Abu Dhabi.
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| domain | founded_year | HQ Location |
An app-based platform for convenient laundry booking 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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Frequently Asked Questions about Washmen
When was Washmen founded?
Washmen was founded in 2015.
Where is Washmen located?
Washmen is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Washmen?
Rami Shaar is the current CEO of Washmen. They have also founded this company.
Is Washmen a funded company?
Washmen is a funded company, having raised a total of $6.6M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $400K, raised on Nov 06, 2015.
What does Washmen do?
Washmen was founded in 2015 in Dubai, United Arab Emirates, as an app-based platform in the on-demand laundry sector. Local dry cleaners and laundromats are partnered with to deliver cleaning services. Pickups and dropoffs are scheduled by customers in 30-minute timeslots via the app, which supports credit card payments. The application is accessible on both the App Store and Google Play Store.
Who are the top competitors of Washmen?
Washmen's top competitors include 5asec, LaundryMan and ZenBoxed.
What products or services does Washmen offer?
Washmen offers Clean & Press, Wash & Fold, HomeCare, ShoeCare, and BagCare.
Who are Washmen's investors?
Washmen has 6 investors. Key investors include AddVenture, Cedar Mundi Ventures, B&Y Venture Partners, Clara Ventures, and Henkel Ventures.