Laundry and accessory care service startup, based in Mumbai, Lavado has announced that it has raised an undisclosed sum in pre-institutional funding round from Pepperfry founders.
Founder of Lavado – Disha Jain stated, “Lavado offers an end-to-end solution across all laundry and accessory care needs including clothes, bags, shoes and other household items on the click of a button. The laundry business is largely unorganised today and our goal is to bring reliability and detailing into this business by standardising processes, and the use of technology across all our partner laundries.”
Disha further said, “With these funds, we are looking to expand our services to Thane, Navi Mumbai and Vashi, and soon we will raise Series A for further expansion in other cities.”
“We think that the organised home laundry market is at a nascent stage, ripe for profitable disruption through technology. Given Disha’s vision for Lavado, we believe she can cause this disruption and contribute to the rise of the category in India,” added Ambareesh Murty, Co-founder & CEO of Pepperfry.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.