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/2017/08/22/Untitled-1.jpg?itok=a-wRjpCE
Comment: War on online video piracy, which matters, is here for India to fight

"There's only one war that matters. And it is here". So reads the caption of HBO’s official trailer for the blockbuster sixth episode of ‘Game of Thrones' season seven that is scheduled to be aired next week. Even as Daenerys Targaryen's Unsullied Army took up position outside the walls of King's...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/21/Hiren-gada-shemaroo.jpg?itok=DteIqB8w
Shemaroo cautiously optimistic on Indian Rlys' entertainment service bid

MUMBAI: Well, it may be one of the 24 media and tech companies that have evinced initial interest in providing wi-fi delivered entertainment on demand content to passengers of Indian Railways, but Shemaroo Entertainment is still evaluating the business proposal. Reason: it involves investment of...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/jettu.jpg?itok=3H8QuMZU
Airtel & TVF create internet’s live reality show

Nomophobia - the fear of being without your mobile phone or being unable to use your phone for some reason. Bringing this phobia to life with a hilarious twist is internet’s first ever live reality show, TVF is presenting -- Airtel connected live. In a world where people have a fear of not being...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Ray_Colwell-William_Gorfein_0.jpg?itok=bIf3JV5A
PeerLogix signs OTT ad pact with DMP & Neustar

MUMBAI: PeerLogix has announced that it had signed a 12-month revenue sharing agreement with an unspecified Data Management Platform (DMP) in the digital advertising industry.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/17/Voot-Yo_Ke_Hua_Bro.jpg?itok=5gALvwlu
Voot originals' strategy of disruptive shows unfolds with 'Yo Ke Hua Bro' from 18 Aug

MUMBAI: Voot's “Yo Ke Hua Bro,” the 5-part comedy web-series starring Aparshakti Khuranna, Gaurav Pande, and Shamita Shetty is set to go live on 18 August 2017.

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/17/Sameer_Nair-Kumar_Mangalam_Birla.jpg?itok=Z-s0t7yZ
Kumar Mangalam Birla charges into content creation, hires TV vet Sameer Nair

MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla has appointed former Balaji Telefilms CEO and now consultant Sameer Nair to revive Amitabh Bachchan's 'Black' and 'Dev'-fame Applause Entertainment, dormant for 10 years.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/16/Doug_Lee.jpg?itok=w-5YSGn7
Ownzones' SVoD brings 'Best Westerns Ever' to Amazon, Roku, iOS & Android

MUMBAI: The Western genre rides again thanks to a new SVOD channel being launched by Ownzones Media Network. The OTT EntTech company will bring Best Westerns Ever to Amazon video channels and via the Ownzones app currently on Roku, iOS and Android platforms beginning today, giving fans exclusive...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/16/Untitled-1.jpg?itok=gnPL2ZJr
June: Jio & ACT lead wireless, wired broadband subs growth

BENGALURU:MukeshAmbani’s Reliance Jio juggernaut continued leading growth in wireless broadband internet in the country nine months after its commercial launch on 5 September 2016. Jio has added 51.2 million subscribers in calendar year 2017 (CY-17) until 30 June 2017 (Jun-17) At the same time,...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/14/GOTTTT800x800.jpg?itok=9dGm2zQQ
Game of Thrones episode leak with Star TV watermark traced to Prime Focus Tech; 4 people arrested

NEW DELHI: “You know nothing, Jon Snow,” Ygritte told her reluctant lover, delivering one of the most iconic lines in the drama series. But  the Maharashtra police do know who leaked  episode four from season seven of  the blockbuster HBO series ‘Game of Thrones’ with the Star India watermark...

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories