Expert Collections containing Doormint
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Doormint is included in 1 Expert Collection, including On-Demand.
Latest Doormint News
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:
Doormint Frequently Asked Questions (FAQ)
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, Helion Venture Partners, Kalaari Capital and Powai Lake Ventures.
Who are Doormint's competitors?
Competitors of Doormint include KliknKlin.
Compare Doormint to Competitors
Ahlijasa provides on-demand household services such as laundry, home cleaning, and air-conditioning maintenance repairs.
Kliknklin is a digital company based in Indonesia. The company aims to bring a new way of doing laundry business by creating a marketplace and on demand service. Powered by a mobile and web application, the company has partnered with professional laundry services and offers pick up and delivery services to homes, offices or other places.
Hollywood, founded in 1995, is a Polish B2B laundry service. The business operates six laundry facilities in Poland, providing bed linen and work-wear laundry services, as well as rental services to hotels, hospitals and manufacturing companies.
Loopie operates as a peer-to-peer laundry service. The company offers laundry pickup and delivery service through its network of washers. It was founded in 2018 and is based in Seattle, Washington.
Tumble Dry is a laundry and dry cleaning e-commerce organization. It is an unorganized laundry service provided by maids, dhobis, and other stores in an organized manner. It provides services such as laundry, dry cleaning, shoe cleaning, and home sanitization. Tumble Dry is based in Gajraula, India.
Cleanly offers on-demand laundry delivery services available through a mobile application. Its services include online booking and scheduling, enabling users to get clothes collected and delivered to their doorstep. The company was founded in 2014 and is based in New York, New York. In March 2020, Cleanly merged with ByNext.