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Housejoy acquires MyWash to scale its laundry services


Home services marketplace Housejoy has acquired Bangalore based dry cleaning and laundry company MyWash Technologies for an undisclosed amount. This was first reported by the Mint. The acquisition will let Housejoy scale its laundry services from 1,000 to 10,000 per day over the next year. Housejoy currently offers laundry services in Bangalore, Delhi, Mumbai, Hyderabad and Chennai.

10 core members from MyWash will join Housejoy. MyWash apparently had a 20 member team, cofounders Silus Chintapalli, Raghu Bharat and Balaji Ashok included, and 200 delivery personnel on its payroll. MyWash was founded in 2014.

Funding: In December, Housejoy raised Rs 150 crore (~$22.4 million) in a series B round of funding led by Amazon, with participation from new investors Vertex Ventures, Ru-Net Technology Partners and Qualcomm and existing investor Matrix Partners. In June, the company had raised $4 million in a Series A round of funding from Matrix Partners.

Service provider verification: In the same month, it tied up with BetterPlace, a Bangalore based background verification firm, for address verification, identification and criminal/court checks for its service providers. At this time, Housejoy said that it planned to expand to 5 more cities by end of 2015. As of now, it operates in Bangalore, Ahmedabad, Pune, Mumbai, Navi Mumbai, Delhi NCR, Surat, Hyderabad, Chennai, Jaipur, Chandigarh and Baroda

CEO appointment: In September, it appointed Saran Chatterjee as its CEO. Chatterjee, who resigned after being Flipkart’s VP of products for 3 years in June, would help Housejoy’s services and cities expansion, with a focus on consumer experience. At that time, Housejoy claimed to have made over 800,000 bookings, and around 4,000 orders daily under services like plumbing, electrical, computer repair, beauty and bridal makeup.

Also read: #Outlook16: What do Indian online services companies plan to do in 2016

Other developments in the services vertical:

– In December, SBricks, a home cleaning and laundry service provider, acquired Melway, a facility management and services company, for an undisclosed amount.

– In the same month, Paytm acquired the Gurgaon-based services marketplace Near.in for $2 million.

– In the same month, services marketplace UrbanClap raised an undisclosed amount in funding from Ratan Tata in his personal capacity, less than a month after the startup raised Rs 165 crore.

– In November, Wassup, an on-demand laundry services app, acquired the Mumbai-based laundry provider Chamak for an undisclosed amount.

– The same month, Taskbob, a Mumbai-based on-demand home and services startup, acquired Bangalore based Zepper, which offers similar services.

– In October, online classifieds site Quikr launched QuikrServices, a vertical which would focus on the unorganised sector of service providers in the country.

– In August, services marketplace LocalOye launched 12 India-wide services under its ‘Pan India Online Service Category’.

Our services and services marketplace coverage.

Image Credit: Carsten Schertzer under CC BY 2.0

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