iWorld

Jabong founders invest $2 million in laundry services start-up Wassup

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2015/05/12/jabong.jpg?itok=kI43bvm0

MUMBAI: Chennai based on-demand convenience brand Wassup, has raised $2 million from Jabong founders Arun Chandra and Praveen Sinha.

Wassup, which is co-founded by Balachandar.R and Durga Das, will continue to offer on-demand expediency services as well as expand focus on marketing and customer acquisition activities in Chennai, Bangalore and Delhi and also add two more cities Pune and Cochin to their market presence.

The brand currently offers services like laundry, dry cleaning, shoes and bag refurbishments in the above mentioned cities. For the consumer’s convenience, the company has about 30 pickup points called “Aggregating Hubs”. The company is adding 30 more hubs in the next 6 months. In the next three years, the brand intends to be in 100 cities with a customer base of 1 million.

Globally, the industry is estimated to be at $9 billion, while the laundry market is estimated to be valued at INR 200,000 crore annually, 95% of which is the unorganized market.

Wassup co-founder and CEO Balachandar R said, “We are looking to service the daily laundry requirements of middle class Indian consumers, which is currently being addressed by a maid servant or by self-wash. The potential to move unorganized offline business to organized online convenience is huge. We are seeing a good opportunity and want to be the market leaders in the segment in India and are happy to have Arun and Praveen onboard with us on this journey to be the leading brand in convenience services. We will be adding additional interesting convenience services in the near future.”

Wassup co-founder and managing director Durga Das, who has 20 years of Silicon Valley experience behind her, added, “Technology is going to be the true enabler, which will foster customer delight. We have built a technology platform that integrates the consumer app, point of sale, tagging and tracking system and the CRM solution. Additionally, we are adding analytics, a marketing performance platform and an efficient logistics management to ensure the customer gets an unrivalled experience in convenience. Mobile is going to be central to our tech development.”

Jabong’s Mohan and Sinha said, “The on-demand convenience industry is revolutionizing commercial behaviour in cities around the world and the growth of the industry in India is exponential given the perennial growth in the per-capita of the country. The consumer behaviour is witnessing a steady change and this is the best time to contribute in the same. We are elated to be a part of this riveting market opportunity like Wassup. It has immense potential to become a catalyst in the evolution of consumer behaviour. We have bestowed our complete trust upon the model and would lend out the desired support to the co-founders for a hindrance-free growth.”

The company’s expansion plans include adding the personal care, home care, car care, pet care and handyman services to their portfolio.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/08/Satnam-Singh_6.jpg?itok=JrgWFVmb
Netflix content offering includes Satnam Singh doc

MUMBAI: Satnam Singh Bhamra, first India-born basketball player to be drafted into the National Basketball Association (NBA), has received another big honour. His life has been made into a documentary. Titled, One in a Billion, the film was released on 6 December in the US. What’s even more...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/08/Rajiv-Vaidya.jpg?itok=7QTJHb3w
'Regional VOD, cashless subs among 2017 trends'

MUMBAI: The video on demand streaming industry in India is only blooming, with a host of developments in this year. The digital eco-system has seen production houses like Balaji Telefilms, Indian broadcasting networks such as Star India, Sony Pictures Networks, Viacom18, Zee, etc and few...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/08/kabali-rajini.jpg?itok=8ebEQf-h
#YouTubeRewind: Celebrating what India watched & shared

MUMBAI: 2016 was the year when sidekick became the superhero - yes you guessed it right - Kabali ruled the charts to become top trending movie trailer. Kapil Sharma show featuring Salman Khan got company from our very own YouTube stars of The Viral Fever playing truth or dare with dad and All...

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/08/Ambani.jpg?itok=4q2zKVBa
Telcos may migrate to ARPU-based model as 5-7 per cent hit feared

MUMBAI: Loss of revenue on account of competitive pressure catalysed by the extension of Mukesh Ambani-led Reliance Jio free services and demonetisation may cumulatively affect telcos by 5-7 per cent.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/07/viva-800x800.jpg?itok=t9hllk2-
Viva appoints Ashley before global OTT rollout

MUMBAI: Viva Entertainment Group, Inc., a developer of OTT systems through which television services are delivered using the Internet, has announced the appointment of FlixFling founder and CEO, Thomas Ashley, to its board of directors.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/deepa-kar.jpg?itok=P6sA-xhS
2016's top hashtag trends

MUMBAI: From Brexit, to GST, to US elections and now demonetisation, 2016 has been an eventful year so far, and continues to throw googlys at us in the last few remaining days (Tamil Nadu CM’s death). No wonder the netizens were exceptionally chatty on Twitter this year.

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/kunal-bahel-ricard.jpg?itok=uXSBHpAn
E-comm ecosystem to create 1.45 million jobs by '21: KPMG-Snapdeal

MUMBAI: Ecommerce sector is powering employment generation in India, a report by Snapdeal & KPMG has concluded. Snapdeal, in partnership with KPMG today released the findings of a study examining the macro-impact of the e-tail industry and the associated ecosystem, on the employment landscape...

iWorld e-commerce
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/hooq1.jpg?itok=baPndHky
Hooq appoints OTT veteran for Singapore business

MUMBAI: Soon after its successful launch in Singapore on 24 November with a catalogue of 20,000 shows and movies, video on demand streaming service Hooq is completely focused on strengthening its footprints. It has appointed a country manager for Singapore, OTT industry veteran Michael D’Oliveiro....

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/sachin%20and%20binny%20bansal-800x800.jpg?itok=0-RyIbs5
‘Disruptors’ Bansals named 'Asian of the Year' by Straits Times

MUMBAI: Sachin Bansal and Binny Bansal, founders of Flipkart, have been chosen for the prestigious 2016 ‘Asian of the Year’ by Straits Times of Singapore as part of a group called the ‘The Disruptors’. Flipkart claims to be India’s largest e-commerce marketplace with over with over 60% market share...

iWorld eNews

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories