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Laundryheap - About the company

Laundryheap is a series A company based in Abu Dhabi (United Arab Emirates), founded in 2014 by Deyan Dimitrov, Mayur Bommai, Yannick Mbengue and Mayur Bommai. It operates as a Platform offering on-demand laundry and dry-cleaning services. Laundryheap has raised $22.9M in funding from Sova VC, with a current valuation of $*****. The company has 75 active competitors, including 1 funded and 1 that has exited. Its top competitors include companies like Love2Laundry, LaundryRepublic and Prime laundry.

Company Details

Platform offering on-demand laundry and dry-cleaning services. It allows customers to schedule a pickup by selecting the collection address and preferred delivery time, and receive the cleaned laundry after the service is completed. Payments are processed through the app, which also supports contactless delivery and is available on iOS and Android devices.
Social
XFacebook
Email ID
*****@laundryheap.com
Registered Address
No. 5, Matadahalli Extension, MLA Layout, RT Nagar, Bangalore, BANGALORE, Karnataka, India, 560032
Key Metrics
Founded Year
2014
Location
Stage
Series A
Total Funding
$22.9M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 18, 2020
Investors
Ranked
Annual Revenue
£0 - £1M as on Dec 31, 2024
Employee Count
27 as on Jan 31, 2021
Investment & Acquisitions
Similar Companies
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Laundryheap's funding and investors

Laundryheap has raised a total funding of $22.9M over 4 rounds. Its first funding round was on Sep 28, 2017. Laundryheap has 18 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Laundryheap:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Feb 20, 2024
1754013
Series A
8900160
2683644
9886564
1713900
Feb 22, 2021
6464269
Series A
9564565
9820560
1156138
Oct 18, 2020
8926812
Seed
6743751
9224919
6874200
1330072
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Laundryheap's founders and board of directors

Founder? Claim Profile
The founders of Laundryheap are Deyan Dimitrov, Mayur Bommai, Yannick Mbengue and Mayur Bommai. Deyan Dimitrov and Yannick Mbengue are the CEOs of Laundryheap.
Here are the details of Laundryheap's key team members:

Laundryheap's Board of Directors

Laundryheap's board has 3 active members. Deyan Dimitrov and Mayur Bommai are part of team and Aleksandr Chikunov is independent board member.
Here is the list of Laundryheap's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
12y 0m
Team
-
Current
8y 9m
Independent board member
-
Current
5y 10m
jygjigj
Independent board member
-
Past
7y 8m

Laundryheap's employee count trend

Laundryheap has 27 employees as of Jan 21. The total employee count is 4.0% more than what it was in Jan 20. Here is Laundryheap's employee count trend over the years:
Employee count trend for Laundryheap
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Laundryheap's Competitors and alternates

Top competitors of Laundryheap include Love2Laundry, LaundryRepublic and Prime laundry. Here is the list of Top 10 competitors of Laundryheap, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Laundryheap
Laundryheap
2014, Abu Dhabi (United Arab Emirates), Series A
Platform offering on-demand laundry and dry-cleaning services
$22.9M
71/100
2nd
Logo for Love2Laundry
Love2Laundry
2014, London (United Kingdom), Acquired
App-based platform providing laundry service
$523K
-
32/100
3rd
Logo for LaundryRepublic
LaundryRepublic
2009, London (United Kingdom), Unfunded
Online platform for laundry and dry cleaning services in London, offering hassle-free collection, cleaning, and delivery of fresh laundry to various buildings across the city. The company focuses on sustainability by using safe, non-polluting dry cleaning alternatives.
-
-
32/100
4th
Logo for Prime laundry
Prime laundry
2020, London (United Kingdom), Unfunded
Provider of an online laundry service booking application
-
-
30/100
5th
Logo for Laundry Depot
Laundry Depot
2014, London (United Kingdom), Unfunded
On-demand laundry service provider
-
-
28/100
6th
Logo for The Laundry Man App
The Laundry Man App
2018, London (United Kingdom), Unfunded
App-based dry cleaning & laundry service provider
-
-
26/100
7th
Logo for Wilton Green Laundry
Wilton Green Laundry
2008, Tottenham (United Kingdom), Unfunded
Online laundry service provider in London
-
-
25/100
8th
Online laundry dry cleaning service provider in South London
-
-
25/100
9th
Logo for Click Clean Clothes
Click Clean Clothes
2014, Brighton (United Kingdom), Unfunded
Online laundry and dry cleaning service in Brighton and Hove region
-
-
25/100
10th
Logo for Wood Street Launderette
Wood Street Launderette
2022, London (United Kingdom), Unfunded
Provider of laundry and dry cleaning services
-
-
24/100
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Laundryheap's Investments and acquisitions

Laundryheap has not made any investments yet. Laundryheap has made 4 acquisitions.
Here is the list of latest three $acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Aug 01, 2024
Acquisition
2016
Lima (Peru)
Jun 21, 2023
Acquisition
2016
Paris (France)
Apr 25, 2022
Acquisition
2014
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See all acquisitions by Laundryheap

Reports related to Laundryheap

Here is the latest report on Laundryheap's sector:

News related to Laundryheap

lockFilter this list
Media has covered Laundryheap for a total of 2 events in the last 1 year, 2 of them have been about company updates.
•
Seedrs Raises £12.7million in MarchCrowdfund Insider•Apr 16, 2024•Seedrs, Laundryheap
•
On-demand platform raises more than £1.3mInsider Media•Mar 07, 2024•Laundryheap, Seedrs
•
On-demand laundry platform beats funding targetInsider Media•Feb 20, 2024•Laundryheap, Seedrs
•
Laundryheap cleans up in Paris as it acquires WastTech.eu•Jun 21, 2023•Wast, Laundryheap
•
VC-backed Laundryheap acquires LaundrappPrivate Equity Wire•Apr 25, 2022•Laundryheap, Inc Retail
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