PickMyLaundry secures $100K in seed funding from GHV
PickMyLaundry, a mobile platform that facilitates booking and delivery of laundry services, has raised $100,000 from Green House Ventures (GHV), a startup accelerator launched by serial entrepreneur and Indian Angel Network member Vikram Upadhyaya.
New Delhi-based PML Solutions Pvt Ltd, which runs PickMyLaundry, has partnerships with various laundry service providers for washing, dry-cleaning and wardrobe management services, as per a press statement.
The company picks up laundry from customers' doorsteps and delivers clean clothes within 48 hours. Going forward, it plans to quicken the pace of services by offering 'In-a-day delivery' or 'overnight delivery' options.
PIckMyLaundry was founded in May by three IITians: Gaurav Agrawal, Ankur Jain and Samar Sisodia. Before this, Agarwal and Jain were working with Tata Steel in managerial positions while Sisodia was associated with Jindal Steel & Power Ltd as deputy manager.
The startup also provides on-demand services such as wash & fold, wash & iron, dry clean, steam press, shoe servicing, carpet cleaning and so on. PickMyLaundry's app will go live by August-end, the company said.
PickMyLaundry is currently operating only in two cities- Delhi & Gurgaon; it claims to manage 2500 customers and 1000 wardrobes. The company's target is to cater to 8,000 wardrobes a month by December this year. The company also has B2B clients such as Snapdeal, Tripoto, Moovo, OYO Rooms and others.
Launched in October 2014, GHV provides seed-stage capital to startups operating in India. It is planning to on-board 25 startups by early 2017.
"GHV is not just about smart funding, but more important than that is their attention to detail, they give us insights and help us execute better and in a more organised manner. Though we just started with GHV, we feel as if with GHV we have someone to show us the path when we deviate, we now have a team who is equally determined to help us grow," said Agrawal. GHV had inducted PickMyLaundry for its acceleration programme.
Last December, GHV had partnered with online deal-making platform LetsVenture. It also has tie ups with Japanese VC fund World Innovation Lab (WiL) and NASSCOM's 10,000 Startups program to help Indian startups go global after graduating from its accelerator programme.
This is the third investment by GHV since its launch, according to VCCEdge, the research platform of VCCircle. In June, it backed MyTaxiIndia which went on to get funding from Japan's Nihon Kotsu. GHV has also invested in hyperlocal delivery company Angular Technologies Pvt Ltd, which operates as LazyLad.