About WashSwat
WashSwat is a company based in Seoul (South Korea) founded in 2015.. WashSwat has raised $23.75 million across 3 funding rounds from investors including Industrial Bank of Korea, Woori Financial Group and UTC Investment. WashSwat offers products and services including Laundry App, Dry Cleaning Service, and Wet Cleaning Service. WashSwat operates in a competitive market with competitors including Clean basket, WashM, Laundry Homes and Rewhite, among others.
- Headquarter Seoul, South Korea
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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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- Legal Name 주식회사 워시스왓
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.75 M (USD)
in 3 rounds
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Latest Funding Round
$5.3 M (USD), Series C
Nov 28, 2024
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Investors
Industrial Bank of Korea
& 10 more
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Employee Count
Employee Count
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Products & Services of WashSwat
WashSwat offers a comprehensive portfolio of products and services, including Laundry App, Dry Cleaning Service, and Wet Cleaning Service. 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.
App for ordering pickup and delivery of cleaning services.
Specialized care for clothes with minimal damage using advanced machines.
Water-based cleaning for various items like bedding and shoes.
Funding Insights of WashSwat
WashSwat has successfully raised a total of $23.75M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $5.3 million completed in November 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 3
- Last Round Series C — $5.3M
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First Round
First Round
(08 Mar 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series C - WashSwat | Valuation | We Ventures | |
| May, 2021 | Amount | Series B - WashSwat | Valuation | UTC Investment , Industrial Bank of Korea | |
| Mar, 2018 | Amount | Series A - WashSwat | Valuation | AddVenture |
| 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 WashSwat
WashSwat has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Industrial Bank of Korea, Woori Financial Group and UTC Investment. 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 and private equity investment firm
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Founded Year | Domain | Location | |
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Venture capital funding is provided to companies making positive impacts.
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Founded Year | Domain | Location | |
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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 WashSwat
| 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 - WashSwat
| 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 |
Washswat Comparisons
Competitors of WashSwat
WashSwat 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 Clean basket, WashM, Laundry Homes and Rewhite, 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 |
Offers on-demand laundry services for convenient home care.
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| domain | founded_year | HQ Location |
App-based laundry pickup, cleaning, and delivery services for consumers in South Korea.
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| domain | founded_year | HQ Location |
Offers easy ordering for professional laundry and cleaning services to customers.
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| domain | founded_year | HQ Location |
Develops WordPress themes and offers web design, SEO, and mobile app 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 WashSwat
When was WashSwat founded?
WashSwat was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is WashSwat located?
WashSwat is headquartered in Seoul, South Korea.
Is WashSwat a funded company?
WashSwat is a funded company, having raised a total of $23.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.8M, raised on Mar 08, 2018.
What does WashSwat do?
Provider of on-demand laundry and garment care services. This service includes dry cleaning, wet cleaning, and laundry services for clothing, bedding, shoes, rugs, and leatherfur items. Individual items are cleaned according to care labels, and various stain removal methods are used. The company also offers alterations, such as button repair and hemming. A smart factory system utilizes advanced equipment and processes for efficient cleaning. Pick-up and delivery are provided, typically overnight. Pricing is transparent and standardized.
Who are the top competitors of WashSwat?
WashSwat's top competitors include Clean basket, WashM and Laundry Homes.
What products or services does WashSwat offer?
WashSwat offers Laundry App, Dry Cleaning Service, and Wet Cleaning Service.
Who are WashSwat's investors?
WashSwat has 11 investors. Key investors include Industrial Bank of Korea, Woori Financial Group, UTC Investment, KB Securities Vietnam, and ES Investor.