Doormint company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

doormint.in

Stage

Asset Sale | AssetsPurchased

Total Raised

$3.05M

About Doormint

Doormint is an on demand professional consumer service provider. Its current services include on-demand electrician, plumber, carpenter, electronics appliance repair and pest control.

Doormint Headquarter Location

Mumbai,

India

+91 9022662244

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Expert Collections containing Doormint

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Doormint is included in 1 Expert Collection, including On-Demand.

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On-Demand

1,231 items

Latest Doormint News

Laundry startup Wassup acquires shuttered startup Doormint in equity swap

Jul 29, 2020

Wassup, an on-demand laundry service provider, has acquired Doormint from its promoters and angel investors in an equity swap. This acquisition gives Wassup access to the startup’s infrastructure and roughly 2 lakh clients. As a part of this acquisition deal, lead VC investors in Doormint — Kalaari Capital and Helion Ventures will now be holding equity in Wassup. However, the ratio has not been revealed. ADVERTISEMENT Commenting on this transaction Mr. Balachandar, Founder & CEO, Wassup said, Wassup is excited to announce its partnership with Kalaari Capital & Helion Ventures, two leading venture capital firms. We are happy to have Mr. Rajesh Raju guide and mentor us in our growth path and will add value with his experience and vision. Rajesh Raju MD of Kalaari Capital said: We believe in consumer and retail businesses which build sustainable long term value. We have seen the online laundry space go through rough times but believe that Wassup has a unique hybrid model with strong unit economics and a brand of national presence that can be leveraged to create a leading Laundry brand in India. This development is surprising as DoorMint had shut down its business last year. At that time, the company offered all its employees a 45-day-severance package, and later helped them find suitable jobs. Confirming the shut down of its business, DoorMint’s Founder Abhinav Agarwal said to YourStory: It was coming for the past couple of months now. We couldn’t justify or see a positive unit economics. The market was also getting exceedingly tough. We have been trying to fundraise for a while now, but we only saw a wary bunch of investors. Wassup is present in 50 stores across 7 cities servicing over 3 lakh customers and claims to have washed over 50 Million pcs so far. The startup has raised seed funding from Das Star Ventures, and a bunch of angel investors. The company was co-founded by R Balachandar, a gold medalist in his MBA program and the former Retail Head for Hidesign and Durga Das, a silicon valley entreprenuer with over twenty five years of start up experience in the hi tech world. This isn’t the first acquisition for Wassup. In April last year, it announced the acquisition of Ezeewash to strengthen operations in Hyderabad. Further, in November 2015, Wassup also acquired Chamak for an undisclosed amount in an all equity deal, marking its foray into Mumbai, Pune, Cochin, and Delhi. Thus, DoorMint marks Wassup’s third acquisition in the on-demand laundry space. Share this:

  • Where is Doormint's headquarters?

    Doormint's headquarters is located at Mumbai.

  • What is Doormint's latest funding round?

    Doormint's latest funding round is Asset Sale.

  • How much did Doormint raise?

    Doormint raised a total of $3.05M.

  • Who are the investors of Doormint?

    Investors of Doormint include Wassup, Google for Startups Accelerator, Kalaari Capital, Helion Venture Partners and Powai Lake Ventures.

  • Who are Doormint's competitors?

    Competitors of Doormint include KliknKlin.

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