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BigBasket Co-founder's LaundryMate Secures Rs50cr In Pre-Series A Round

The funding would help the Bengaluru-based firm scale up operations to roll its services across 30 cities in next ten years

BigBasket Co-founder's LaundryMate Secures Rs50cr In Pre-Series A Round
BigBasket Co-founder's LaundryMate Secures Rs50cr In Pre-Series A Round

LaundryMate.in, an online laundry services brand founded by BigBasket co-founder Abhinay Choudhari, has raised USD 6.25 million in a pre-Series A funding round from  Blume Founders Fund and several high-net-worth individuals and top industry executives. These include Ola co-founder Ankit Bhati, Deepak Goyal, managing partner, BCG, USA, and Charudatta Deshpande, managing director, Cilix Capital. Other investors include Jignesh Bhate, chief executive, Molecular Connections, Karan Singh, co-founder, Trilegal and Sandeep Gupta, managing director, Broad Peak Investment Advisors, Singapore.

The funding would help the Bengaluru-based firm scale up operations. It would help in its mission to roll its services across 30 cities in the next 10 years. The firm is aiming to achieve an annual revenue run rate of $1 billion by 2033. The company launched in 2022 is also in talks with investors to raise $10 million-$15 million in a Series A round.


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