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Home Business

Urban Dhobi Raises An Undisclosed Funding From Angel Investors

by Nitin Konde
February 8, 2016
in Business, News
Reading Time: 1 min read
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Urban Dhobi Raises An Undisclosed Funding From Angel Investors
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Urban Dhobi

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8 February, 2016, Jaipur: Urban Dhobi Pvt. Ltd. has acquired an undisclosed funding from angel investors Vinod Bansal and Sanjeev Singhal. With the raised amount, company plans to strengthen its team and expand its operations. In a recent statement released by the company, it stated, “The company is on the move to strengthen its team by hiring people in technology, operations, sales and marketing department.

It is also planning to spread its wings in cities such as Pune, Hyderabad, Chandigarh and Kota over the next six months. Founded in 2015 by Satyam Mishra, Prakhar Pagaria, Tushar Thettayil and Saransh Sidhu, it deals in providing an online laundry and dry cleaning services to its customers. Till now, it has served 2,500 customers in the city of Jaipur.

In August 2015, the startup was incubated by Startup Oasis, a Jaipur-based incubation centre set up at the joint initiative of RIICO, Rajasthan government’s industrial promotion organisation, and the Centre for Innovation, Incubation and Entrepreneurship at IIM-Ahmedabad.

Urban Dhobi works on a simple business model. It takes the online order from the customers of minimum 3Kg of clothes. Once the order is confirmed, company collects the clothes from customers’ home and delivers it back after washing.

Tags: Angel InvestorsIIM AhmedabadPrakhar PagariaRIICOSanjeev SinghalSaransh SidhuSatyam MishraTushar ThettayilUrban DhobiVinod Bansal
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