Laundry and Refurbishment service provider Wassup acquires Chamak

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People now prefer to do laundry in a special facilities than  in their houses, to avoid the cost of buying the electronic machine and to keep more free space in their household. For me I prefer the old school way with a good washing machine, but lately mine just stop working so i had to look for  a washing machine repair near me to fix it and keep on with my cleaning. So in this days I was able to try out the Wassup commercial laundry company which i found remarkable and satisfying.

On-demand laundry and refurbishment service Wassup announced that it has acquired laundry service provider Chamak in Mumbai for an undisclosed amount in a full equity deal. With this acquisition, Wassup announced its commencement of operations in Mumbai.

Pune, Cochin and Delhi operations were launched recently. The company now looks at expanding to 20 territories in the next six months, it said. The brand vision is to be in 100 territories with a customer base of 1 million in the next 2-3 years.

Wassup is currently positioned as a laundry and dry-cleaning convenience brand but will be repositioned as a managed marketplace for personal care, home care, car care, pet care and handyman services to its portfolio soon.

Chamak has been backed by investors like Kensington Capital, Index Advisory, Innosight Ventures, Calvert Investments and high networth individuals like Rajan Mariwala (Marico Group) and Sandeep Tandon, who has also invested in Freecharge and Tiny Owl.

The on-demand convenience industry globally is estimated at USD 9 billion. The laundry market is estimated to be valued at Rs 2,00,000 crores annually, out of which 95 per cent is unorganised.

Laundry-and-Refurbishment-service-provider-Wassup-acquires-Chamak

Asmaa Mubita is a Kenyan journalist of international repute with over fifteen years of experience in broadcast journalism. Asmaa Mubita began his journalism career at the Kenyan state broadcaster (KBC) and later worked at the KTN owned by the Standard Group and Citizen Television, the flagship brand of Royal Media Services. These exploits together with his reporting experience with the Voice of America, CNN and BBC have been rewarded with local and global recognition.