The OneClickWash deal has added subscription-based washing and ironing service to PickMyLaundry’s suite of services
It looks like the on-demand home services market is on the path to revival. After a tough period between 2015 and 2016 of shut-downs and other struggles, the industry has finally witnessed a positive development.
PickMyLaundry, an on-demand dry-clean and laundry services startup, has acquired OneClickWash, a subscription-based laundry and dry clean startup. According to a statement, it was an all-cash deal. However, the size of the deal remains undisclosed.
Post acquisition, both the brands will continue to run as separate entities.
With this acquisition, PickMyLaundry will leverage OneClickWash’s laundry processing unit, team, and tech infrastructure to improve service efficiency. OneClickWash’s unit has the capacity to process 1,000kgs of clothes per day.
The OneClickWash deal has added subscription-based washing and ironing service to PickMyLaundry’s suite of services. Right now, the combined entity will run in a hybrid model.
Gaurav Agrawal, Co-founder and CEO of PickMyLaundry, said: “Being a fast growing company, we are always on the lookout for more laundry startups to augment our supply chain. OneClickWash will help us penetrate deeper within the NCR region, reduce our processing cost and improve customer experience by reducing the turnaround time.”
PickMyLaundry was started in May 2015 by IIT graduates Agrawal, Ankur Jain, and Samar Sisodia. The company currently operates in Gurgaon, Delhi, Noida, and Bangalore. PickMyLaundry runs an offline experience store in Gurgaon. The store is equipped with coin-operated washing machines and steam irons. It provides express washing and ironing service and delivers the garments in two hours.
PickMyLaundry is backed by GHV Accelerator and HUL executive Kedar Lele.
OneClickWash’s Founder Vivek Iyer said: “Over the past two years, we have created a significant footprint for the laundry category in Gurgaon through a robust laundry processing unit aided by tech tools. I am confident that the PickMyLaundry team will leverage the value that we have built to scale across the country. ”
OneClickWash has previously secured funding from Unitus Seed Fund and other unnamed angel investors.