On Friday, Laundrapp, on-demand laundry app, has acquired its rival Washbox for an amount undisclosed. This acquisition is expected to serve the startup as a means of expansion across UK and Europe.
Launched in January this year by Ed Relf, the startup Laundrapp provides full dry cleaning and laundry collection and delivery service using a network of dry cleaners around the cities. It is currently available in London, Edinburgh and Birmingham. The company was expected to start operations in Cardiff, Bristol and Liverpool but has not happened till now. This could soon following this acquisition. The startup has been backed up by high-profile investors including ICAP founder Michael Spenser. Spencer has invested more than $2 million until now.
CEO and cofounder of Laundrapp, Relf said, “In just five months we have cleaned over quarter of million items and today Laundrapp cleans an item every 10 seconds. This is unprecedented growth for this on-demand laundry and dry cleaning industry and the acquisition of Washbox fuels our desire to disrupt the entire laundry and dry cleaning industry and pioneer the wider digital on-demand economy.”
Dominic Perks, chairman of Laundrapp added, “We are re-inventing an industry untouched by digital and not leading the inevitable consolidation in the on-demand sector Comparisons with Uber and talk of another British unicorn are of course exciting but our team are firmly focused on delighting customers.”
CEO and co-founder Danny Vaughton said, “Laundrapp is a worthy leader in this emerging market and we are thrilled to have played a part in its journey.” He also adds it was quite a tough decision to sell the company. As part of the acquisition, only one among the four of Washbox’s founders James Parker would be staying.