PR Newswire | 18 Nov, 2015
BANGALORE: Bangalore-based on-demand laundry service platform, Flashdoor, has raised an undisclosed amount in angel funding, led by former Flipkart executive Sujeet Kumar. Flipkart's Chief Business Officer Ankit Nagori and Tracxn Labs also participated in the round.
Kumar was head of Flipkart's largest seller and its captive logistics business WS Retail Pvt Ltd, before quitting in May.
Ankit Agarwal, co-founder Flashdoor Internet Services, said, "The investors joining the board would be mentors and would be instrumental in guiding the company in marketing, understanding strategy and raising money.
The funding is expected to be invested in building core team and upgrading technology. The company would go in for another round of fund raising to support its plans to expand footprint across the country."
Flashdoor was founded by IIT Delhi graduates, Agarwal and Himanshu Gupta July this year. Agarwal was Associate Director, Seller ecosystem at Flipkart before quitting in June while Gupta worked with companies like Amazon and Oracle.
Flashdoor works on a closed marketplace model and runs its own logistics service to pick and drop laundry to customers. The startup conducts 1,500 transactions a month and plans to take the count to 30,000 by March 2016, by when it also intends to enter two other metro cities. The potential cities include Delhi NCR, Mumbai, Hyderabad and Pune. It currently employs 25 people of which 12 are delivery executives while the remaining staff handles other functions.
The company plans to be the destination store for all home services but is focusing on the laundry vertical at the moment. "Starting Flashdoor was about organizing the home services industry by bringing convenience and quality service at your doorstep. At Flashdoor our mantra is to not acquire customers if we can't make them repeat," Agarwal said.
Flashdoor is a one stop solution for laundry needs. The company has already launched its website and Android app, and plans to launch its iOS app soon. It is currently operational only in Bangalore, providing affordable laundry service with core focus on timeliness and convenience.
Director, Flashdoor Internet Services Pvt Ltd.
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