Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 05 2018

Laundry Start-up UClean Secures Rs 4 cr Angel Funding

UClean has partnered US-based Alliance Laundry Systems for equipment, know-how and training.

Laundry Start-up UClean Secures Rs 4 cr Angel Funding

Tech-enabled laundry start-up UClean has raised Rs 4 crore from angel investor Anubhav Chopra for expansion of its new business vertical 'UClean Select' in India.

The company has forayed into premium dry cleaning service with the launch of its first UClean Select store in Delhi.

UClean founder and CEO Arunabh Sinha, "After expanding aggressively our laundry business in the last 18 months, we are now getting into dry cleaning business. We plan to open 50 UClean Select outlets in tier I cities in India by the year 2020.”

Bollywood actors Soha Ali Khan and Kunal Khemu are UClean's brand ambassadors and strategic partners.

When asked if the celebrity couple has also invested in the company, Khemu said, "No, we haven't. But, we have been associated with the brand since inception and we have seen it expand fast".

Earlier, UClean had secured seed funding from Franchise India and Mumbai-based angel investor Rajiv Jalan.

Anubhav Chopra has also invested in several fintech start-ups in the US and Europe.

The company plans to operate about 300 UClean stores by 2020 as a part of its aggressive strategy to grow its business of laundry services as well. It plans to operate about 300 UClean stores by 2020 in the country.

UClean was founded by IIT Bombay graduate Arunabh Sinha in October 2016. UClean has partnered US-based Alliance Laundry Systems for equipment, know-how, and training.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Men's Clothing
    Barcelona is an initiative of Stitched Textiles Private Limited. Barcelona..
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Furniture/Home Decor & Furnishing
    Established in 1993, ASIS a division of Mumbai-based Shirdi Industries..
    Locations looking for expansion Haryana
    Establishment year 1993
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Multi Cuisine Restaurant
    About us:   Moti Mahal Delux stands on a strong foundation of..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2000
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Bike Studio is a first-ever Joint venture between Thailand &..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2010
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities