Laundry startup UClean Pumps In Funds From Franchise India

Owned and operated by Gurugram-based UConcepts Solutions LLP, the tech-enabled laundry service provider UClean, has raised $1 million (Rs 6.5 crore) from franchise and retail services provider Franchise India Holdings Ltd.

In the same round, US-based angel investor Anubhav Chopra also invested in UClean, company statement read.

The startup had raised an un-disclosed amount of seed funding from Franchise India in late 2016.

UClean said it will use the fresh capital funds to launch Mint Clean, an on-demand home cleaning services provider.

UClean founder Arunabh Sinha said, “We would be building Mint Clean through the franchise route and would be targeting 100 franchises by 2020.”

Sinha, an IIT Bombay graduate, started UClean in 2016. He previously headed the north India operations for budget hotel chain Treebo Hotels.

Franchise India’s Investment in startups is very less. In 2016, it participated in Ahmedabad-based specialty tea startup The Kettlery’s seed funding round.

The same year, it had invested $3 million in Kolkata-based Savetur Digital Pvt. Ltd, which runs logistics app TYGR, in a pre-Series A round of funding.