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Looking for funding partners /Franchise partners for pan India expansion

Established brand in Bangalore since 8 Years in laundry & drycleaning segment for Premium institutions & retail customers
Business Name (Available after interaction) | Bangalore, Karnataka, India
ASKING PRICE 203 Crores
ANNUAL SALES/TURNOVER N/A
GROSS INCOME N/A
Website :
Available after interaction
Established From :
2010
Employees :
100-500
Entity type :
Private Limited Company
Business Sector :
Healthcare services
Business Type :
EBITDA :
Undisclosed
EBITDA Margin :
Undisclosed
Inventory value :
Undisclosed
Rentals :
Undisclosed
One line Business Pitch
Redefining & Revolutionising Indian Laundry service
Company Stage
Scaling Up Stage
Business Documents
Available after Interaction
Business Requirement
Looking For
Amount
Reason
Investment
2030000000 at 40 % stake
Expansion to major Tier 1 & 2 cities of India
  • Looking For Investment
    Amount
    2030000000 at 40 % stake
    Reason
    Expansion to major Tier 1 & 2 cities of India
Director / CEO information
Available after Interaction
Management Team Information
Available after Interaction
Business Overview
Laundry & Drycleaning service sector is fragmented with about million establishments, 98% of which are micro-sized laundries with fewer than 10 workers. The organised segment comprises a mere 2-3% of the entire laundry market in India. The Indian Laundry Industry is estimated at USD 76 Billion with an expected growth rate of about 30% YOY. India is witnessing the influx of many startup in this sector in form of aggregators thru mobile apps. Few start up are quitting laundry services, points to the fact that challenges of Pricing, logistics, manpower, process, pick up & delivery timings, quality consistency & customer satisfaction Vashkleen Laundry Services Private Limited-- The largest corporate laundry service provider for premium Hospital under the brand name of Mediklenz & Hotel industry along with catering to Individual House Holds/boutiques under the brand name of Glofab in Bangalore. Vashkleen has successfully implemented linen rental service – First of its kind in India to a premium Japanese Hospital in Bangalore. Vashkleen has developed a sustainable recession proof operation model required by the laundry industry at large which is benefitting both the Service provider & the end user which can be replicated across India. Serving more than 35 Premium Hospitals (Mediklenz Brand), Hotels (Vashkleen Brand) & house holds (Glofab Brand) with employee base of 220. Business growth being 30% YOY since inception; Market valuation of about Rs. 128 Cr; Strong core team with about 14 Years experience in Laundry industry.
Facilities Overview
Laundry & Dry cleaning services; Linen rental services
Contact Startup
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