6 years ago

Laundrapp Acquires Zipjet in On-Demand Laundry Merger, Raises Funding

  • London-based Laundrapp has acquired Berlin-based Zipjet in an all-share equity deal, creating a combined on-demand laundry business processing over 150,000 items of washing each month

  • The merged company has secured funding from existing investors including Toscafund, Hargreave Hale VCT, Henkel, and Rocket Internet

  • The deal gives the combined business critical operational mass in London, where both companies operate, while maintaining two separate brands in the short term

  • The service operations, including laundry processing and transportation, will be combined in the coming weeks to optimize logistics and product quality

  • The merged company will be led by Lorenzo Franzi, CEO.

      • ProblemTechnology

      "People don't have time to do their laundry"

      Solution

      "Provides on-demand laundry and dry cleaning services in over 100 towns and cities across the UK."

      Covered on