Quick Clean Secures Capital for Laundry Expansion

Quick Clean, an innovative on-premise laundry infrastructure enterprise, has successfully secured $14 million (approximately Rs 133 crore) in a Series B funding round, with Stakeboat Capital leading the investment. Existing investors, including Alkemi Growth Capital and Blue Ashva Capital, also contributed to this financing round.

The newly acquired funds will facilitate the expansion of operations across India, including investments in AI-driven laundry services, automation technologies, and predictive maintenance systems. This financial boost will further aid in supporting the company’s ambitions for international growth.

Established in 2010 by siblings Anshul and Ankur Gupta, Quick Clean follows a build-own-operate model for its laundry services aimed at institutions. The company provides management for on-premise laundry facilities tailored for hotels and hospitals, enabling clients to outsource their laundry tasks while maintaining oversight of the infrastructure located onsite.

Current Operations and Clientele

Quick Clean currently boasts over 140 on-premise laundry facilities spread across more than 38 cities and processes upwards of 100,000 kilograms of linen on a daily basis. Notable clients include various hospitality and healthcare establishments such as Marriott, Taj, Hyatt, Radisson, ITC Hotels, AIIMS, Lilavati Hospital, and Bombay Hospital.

Future Plans for Expansion

Over the next five years, the company aims to broaden its network to exceed 500 on-premise laundry facilities within the hospitality and healthcare sectors. Additionally, there are plans to venture into international markets, particularly in Southeast Asia and the Middle East.

In February of the previous year, Quick Clean successfully raised Rs 50 crore ($5.7 million) in a Series A funding round, with co-leaders being Alkemi Growth Capital and Blue Ashva Capital.