Housejoy, an Indian home services marketplace, has acquired Bangalore based dry cleaning and laundry company MyWash Technologies for an undisclosed amount. The acquisition helps Housejoy scale to 10,000 laundry services per day over the next year from around 1,000 at present.
This is the first acquisition by the company after it raised Rs.150 crore (~$22.4 million) in Series B funding in December led by e-commerce major Amazon India, Vertex Ventures, Qualcomm Ventures, Ru-Net Technology Partners and Matrix partners.
“This will help augment what we have in terms of our operational knowledge, what we have learnt and complement that with this (MyWash) team and essentially helping us scale laundry rapidly,” Housejoy CEO Saran Chatterjee said in an interview.
Ten people from the core team of MyWash will join Housejoy but will not be part of the board, Chatterjee said. MyWash had a total of around 20 members which includes the co-founders, technical and managerial team and around 200 delivery personnel on payroll, according to Silus Chintapalli, co-founder of MyWash.
Housejoy did not disclose the terms of the acquisition but said that in terms of equity, the deal was favourable to the entrepreneurs of MyWash.
“This is the best opportunity for the team to scale our vision of being the number 1 laundry player in the country,” Raghu Bharat, co-founder of MyWash, said in a statement.
Also in December last year, Housejoy tied up with BetterPlace, a Bangalore based background verification firm, for address verification, identification and criminal/court checks for its service providers. At this time, Housejoy said that it planned to expand to 5 more cities by end of 2015. As of now, it operates in Bangalore, Ahmedabad, Pune, Mumbai, Navi Mumbai, Delhi NCR, Surat, Hyderabad, Chennai, Jaipur, Chandigarh and Baroda
In September, it appointed Saran Chatterjee as its CEO. Chatterjee, who resigned after being Flipkart’s VP of products for 3 years in June, would help Housejoy’s services and cities expansion, with a focus on consumer experience. At that time, Housejoy claimed to have made over 800,000 bookings, and around 4,000 orders daily under services like plumbing, electrical, computer repair, beauty and bridal makeup.