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LaundryMate Secures $6.25 Million in Pre-Series A Funding Round

LaundryMate Secures $6.25 Million in Pre-Series A Funding Round

May 31, 2023

Bengaluru, Karnataka, India — LaundryMate, the leading provider of on-demand laundry services, announced today the successful completion of its pre-Series A funding round, raising an impressive $6.25 million. The funding round was led by prominent investors including Blume Ventures, Trilegal, Molecular Connections, Nutanix, and Pivot Ventures. This latest investment brings LaundryMate's total funding to date to $6.25 million.

LaundryMate has quickly emerged as a pioneer in the consumer services industry, revolutionizing the way people approach their laundry needs. With a mission to give people more time to do the things they love, LaundryMate acts as a laundry concierge, providing a wide range of laundry services that include pick-up, washing, drying, folding, ironing, and dry cleaning, all within a swift 24-hour turnaround time. The company prides itself on offering affordable prices without compromising on quality. Operating on a digitally-backed business model, LaundryMate ensures a highly professional and convenient experience for its customers.

What sets LaundryMate apart is its commitment to maintaining a 100% in-house operations approach, eliminating the need for outsourcing, and ensuring exceptional quality at every step. The company's state-of-the-art facility spanning over 50,000 square feet in Bengaluru is equipped with the latest industry-leading equipment sourced from across the globe. With an unwavering focus on delivering clean clothes and contributing to a cleaner environment, LaundryMate has gained a loyal customer base and established a reputation for excellence in the market.

"We are thrilled to have secured this substantial funding from such esteemed investors," said Uday Vijayan, Co-founder of LaundryMate. "This investment not only validates our vision and business model but also provides us with the necessary resources to drive our expansion plans and deliver exceptional laundry services to an even wider customer base. We are confident that with the support of our investors, we will continue to revolutionize the laundry industry and make a meaningful impact on the lives of our customers."

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