CleanseCar, a mobile-based platform which offers daily car wash services, on Monday announced the acquisition of Carnanny, a subscription-based daily car wash and car-care services provider, in an all-stock deal.
Carnanny’s entire team will join CleanseCar in Mumbai. This deal will enable CleanseCar to capture the 32 societies that Carnanny has been serving in Mumbai and create a stronghold in the city, a company statement said.
“This acquisition has made us the market leader in our segment and the only one to provide on-demand car-care services in Mumbai. This is one more step towards our goal of streamlining the car-care industry by introducing standardisation and the use of technology,” said Kalyandhar Vinukoda, founder, CleanseCar.
CleanseCar was founded in March 2018. It offers automotive care solutions such as interior vacuum cleaning, dashboard and console cleaning, interior detailing and rim dressing.
It claims to provide car wash services to 50,000 cars per day in Bengaluru, Chennai and Mumbai and plans to expand to Delhi, Pune and Hyderabad by the end of this year. It is also looking to acquire more firms to expand.
The company intends to add insurance and used-car sales services to its portfolio by 2020, the statement said.
CleanseCar was founded by Vinukonda and Pratibha Shalini. Vinukoda has 14 years of experience in the software industry including stints at TCS, Accenture and Thomson Reuters. Shalini has 12 years of accounting software experience and previously worked at Oracle.
In November, it raised Rs 3.5 crore (around $500,000) in angel funding facilitated by incubation platform Venture Catalysts.
The acquisition was mediated by CleanseCar’s investor and Carnanny’s mentor Dhianu Das, founder of Alfa Ventures, a proprietary fund that makes seed investments in startups.
Carnanny is a waterless car wash service. It is currently servicing more than 1,000 cars in 32 societies in Mumbai.