New Delhi: On-demand laundry service company PickMyLaundry has acquired a subscription-based laundry and dryclean start-up, OneClickWash, for an undisclosed amount in an all-cash deal, the company announced on Thursday. “With this acquisition, PickMyLaundry will leverage OneClickWash’s laundry processing unit, experienced team, and tech infrastructure to improve service efficiency... The combined entity is expected to become one of the largest online dry clean and laundry service provider,” said the company in a statement. It will also gain access to OneClickWash’s laundry processing unit which has the capacity of processing 1,000 kg of clothes per day. While a number of on-demand laundry service providers have cropped up, it also includes Mumbai-based Doormint ( Blackcotton Solutions Pvt.

Source: Mint March 16, 2017 06:33 UTC