About Wassup
Wassup is a company based in Chennai (India) founded in 2011 by Balachandar R.. Wassup has raised $5.2 million across 3 funding rounds from investors including Anil Jain, B S Nagesh and Arun Chandra Mohan. Wassup offers products and services including Laundry & Dry Clean, Home Cleaning, and Car Cleaning. Wassup operates in a competitive market with competitors including QUICKCLEAN, Revivo, Village Laundry Services, Cleanovo and Vashkleen Laundry Services, among others.
- Headquarter Chennai, India
- Founders Balachandar R
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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
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- Legal Name Lacarho Home Services Private Limited
- Date of Incorporation 25 May, 2023
- Jurisdiction Chennai City Corporation, Tamil Nadu, 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
$5.2 M (USD)
in 3 rounds
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Latest Funding Round
$3.2 M (USD), Series A
Feb 11, 2017
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Investors
& 4 more
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Employee Count
Employee Count
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Products & Services of Wassup
Wassup offers a comprehensive portfolio of products and services, including Laundry & Dry Clean, Home Cleaning, and Car 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.
Offers pick-up, cleaning, and delivery for clothing and fabrics.
Provides thorough cleaning of homes with attention to detail.
Handles exterior and interior cleaning for cars and vehicles.
Funding Insights of Wassup
Wassup has successfully raised a total of $5.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.2 million completed in February 2017. 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 A — $3.2M
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First Round
First Round
(12 May 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series A - Wassup | Valuation | Anil Jain |
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| Jul, 2015 | Amount | Seed - Wassup | Valuation | B S Nagesh |
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| May, 2015 | Amount | Seed - Wassup | Valuation | Arun Chandra Mohan , Praveen Sinha |
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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 Wassup
Wassup has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Anil Jain, B S Nagesh and Arun Chandra Mohan. 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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AJ
Anil Jain |
Angel investor, ex-CEO of Nandi Infrastructure, focused on tech startups
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Founded Year | Domain | Location |
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BS
B S Nagesh |
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Founded Year | Domain | Location |
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AC
Arun Chandra Mohan |
Co-founder of Sauce.vc, angel investor, ex-Jabong and Unicommerce executive
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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 Wassup
| 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 - Wassup
| 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 |
Wassup Comparisons
Competitors of Wassup
Wassup 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 QUICKCLEAN, Revivo, Village Laundry Services, Cleanovo and Vashkleen Laundry Services, 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-premise laundry solutions are provided for hotels and hospitals.
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| domain | founded_year | HQ Location |
Laundry and dry cleaning services are provided by Revivo in India.
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| domain | founded_year | HQ Location |
Provides comprehensive commercial dry cleaning and laundry services for businesses.
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| domain | founded_year | HQ Location |
Provides dry cleaning, laundry, and on-demand delivery services across cities.
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| domain | founded_year | HQ Location |
Provides scientific laundry services to households and institutions using advanced technology.
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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 Wassup
Frequently Asked Questions about Wassup
When was Wassup founded?
Wassup was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Wassup located?
Wassup is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Wassup?
Balachandar R is the current CEO of Wassup. They have also founded this company.
Is Wassup a funded company?
Wassup is a funded company, having raised a total of $5.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 12, 2015.
What does Wassup do?
Wassup was founded in 2011 and is based in Chennai, India, operating in the cleaning and laundry services sector. Services are delivered using state-of-the-art machinery and skilled fabric experts to maintain hygiene and garment care. Operations are supported by retail hubs, a mobile app, and a website for customer convenience. The company is led by co-founder and CEO Balachandar R, alongside CEO Arun Krishnan.
Who are the top competitors of Wassup?
Wassup's top competitors include QUICKCLEAN, Revivo and Village Laundry Services.
What products or services does Wassup offer?
Wassup offers Laundry & Dry Clean, Home Cleaning, and Car Cleaning.
Who are Wassup's investors?
Wassup has 5 investors. Key investors include Anil Jain, B S Nagesh, Arun Chandra Mohan, Praveen Sinha, and Micky Watwani.