your password has been reset successfully, Please login again.

Laundry Biz UClean Raises $1 million from Franchise India

Franchise India backs UClean laundry business with $1 million funding.
BY BEx Bureau
Feb 28, 2018

According toEuromonitor International, the laundry service market in India is projected to grow to $76.5 billion by this year. In this market, a laundry service provider UClean has raised $1 million (Rs.6.5 crore) funding from Indias largest franchise and retail solutions provider Franchise India.

In 2016, the Gurugram-based UConcepts Solutions LLP owned startup UClean was founded by Arunabh Sinha. The startup has also raised funding from Franchise India in late 2016. The startup offers services like washing, ironing, dry cleaning, sofa cleaning, etc and is expanding by using franchising solution through Franchise India. The startup plans to use the raised funding to launch Mint Clean which offers on-demand home cleaning services.

Sinha said, We would be building Mint Clean through the franchise route and would be targeting 100 franchises by 2020.

In 2017, the franchise solutions provider Franchise India acquired a majority stake in real estate brokerage firm RE/MAXs India arm for Rs.50 crore.

In 2016, Franchise India took part in a funding round to invest in Ahmedabad-based speciality tea startup The Kettlery. Also, in the same year, it had invested $3 million in logistics startup TYGR in Pre-Series A round of funding.

Please add your Comment
October 09, 2018
The company is expecting that the AP unit will help it to strengthen its presence in the highly comp ...More
By Vaishnavi Gupta
September 27, 2018
The new company will be named Capri Holdings Ltd. ...More
By Vaishnavi Gupta
September 24, 2018
Tata Steel will pay $595-650 million for Usha Martin's steel business in cash. ...More
By Vaishnavi Gupta
September 22, 2018
The startup is planning to use the funds to primarily expand operations. ...More
By Vaishnavi Gupta
September 20, 2018
Samara Capital is acquiring 51% stake while the remaining 49% would be acquired by Amazon. ...More
By Vaishnavi Gupta
September 18, 2018
Walmart-owned Flipkart is in talks to acquire a stake in Hotstar, Star India’s video streaming servi ...More
By Vaishnavi Gupta
September 17, 2018
Fluido is the second entity which will be acquired under the leadership of Salil Parekh. ...More
By Ritu Marya
September 14, 2018
The move will ramp up its online grocery business in Mexico and Chile. ...More
By Vaishnavi Gupta
September 13, 2018
The raised funds will be used to build the brand, expand distribution, and increase product offering ...More
By Vaishnavi Gupta
September 07, 2018
New funds enable GreyOrange to accelerate the fulfillment of its vision to develop the next generati ...More
By Vaishnavi Gupta
September 06, 2018
JSW Steel and promoters have bought around 88% stake in the Monnet Ispat and Energy Ltd (MIEL). ...More
By Vaishnavi Gupta
September 06, 2018
The new infrastructure fund exceeds its initial target of $5 billion. ...More
By Vaishnavi Gupta