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=gpg0N4qS

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/2017/04/22/Pierluigi-Gazzolo-and-Tereza-Gonzalez.jpg?itok=XWCIO7-3
Viacom International buys majority stake in Youtube LATAM content producer

Viacom International Media Networks (VIMN) has announced a definitive agreement for the acquisition of a majority interest in Porta dos Fundos. The acquisition will add one of Brazil’s leading short-form comedy content producers and the most influential global YouTube channel, according to the...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/MukeshAmbani-and-Sunil-Mittal.jpg?itok=ndbD5Qx-
OpenSignal too finds Airtel better than Jio in 4G speed, latter tops in reach

Bharti Airtel is the top performer among the mobile service providers in India in terms of 4G data speed, concluded a report by OpenSignal, a provider of insights into coverage and performance of mobile operators worldwide.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/FCC-Ajit-Varadaraj-Pai.jpg?itok=0nAM7c2g
B'band deployment & investment barriers: FCC to develop state and civic govt codes

United States Federal Communications Commission (FCC) chairman Ajit Varadaraj Pai has delivered his ideas at the first meeting of the commission's broadband deployment advisory committee.

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Sukhada-Tendulka.jpg?itok=DSkghpwf
Age-appropriate 'safe' content is taken from Nat Geo Kids, Sony & Amar Chitra: Shirsa

MUMBAI: Shirsa, a company specialising in enabling content publishers to engage-new age kids online and offline, has taken care of parental concerns on content and safety over internet and time spent on digital devices. The contents are age-appropriate and are based on user behaviour from renowned...

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Rishika%20Lulla%20Singh.jpg?itok=GHl8HCyk
Eros Now available with free Amazon Fire TV subs

MUMBAI: Eros Now, one of the fastest growing over-the-top (OTT) Indian entertainment platforms, owned by Eros International Plc has announced a strategic partnership with Amazon in India and their recently launched internet streaming device, Fire TV stick.

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/piracy.jpg?itok=zkx2fQjl
Viacom18, Star India & B4U win case against pirated streaming in US

MUMBAI: A US court has ordered closure of unauthorised digital streaming and distribution by the providers of the Cres TV and Shava STBs in further success for US pay-TV operator Dish. The US District Court for the Eastern District of Virginia recently awarded more than US$25 million in damages in...

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Dan-Goman_Alex-Nahai.jpg?itok=ZipUsjhJ
420TV VoD to showcase 'wonders of weed,' Cannabis to be $44bn industry

MUMBAI: Recognizing the increasing entrenchment of cannabis in the global zeitgeist, 420 Entertainment Group, comprising OWNZONES Media Network, the upstart global OTT technology/entertainment hybrid company, along with cannabis entrepreneurs Genesis Media and Alex Nahai Enterprises (ANE), will...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Net%20readiness.jpg?itok=MO33KePG
Time for OTT review? Delhi & K'taka top Net readiness, K'taka & Delhi lead in digital start-ups

NEW DELHI: Will the OTT and VoD companies recast their strategies now that Delhi has emerged as the top-ranked state in terms of overall Internet readiness, overtaking last year’s winner Maharashtra?

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/20/Balaji.jpg?itok=nhyJ9Yom
Balaji to PayU VoD subscription

MUMBAI: PayU India has partnered with ALTBalaji, the digital platform of Balaji Telefilms Limited for opening an additional method of payment for the OTT platform’s subscription services. Payment options provided through PayU Biz are Credit Card, Debit Card, Net Banking, Itz Cash, Yes Pay, Ypay,...

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories