WASHSWAT Secures $2.8M from Global VCs | Industry
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Laundry O2O service, WASHSWAT (Co-CEOs: Sangwook Ye, Jina Namgung), recently secured $2.8M in investment from global VCs. The investment was led by Russian-based VC Addventure along with previous seed investors Strongventures and Primer.
Known as the “Uber for laundry,” WASHSWAT targets small households of 1-3 people, allowing users to order and receive their laundry orders within three clicks on a mobile app. All laundry home-deliveries are completed exactly in one day: “laundry picked up today, delivered to your home tomorrow.”
Since its launch, the service has seen 100% annual growth, with loyal, repeat users (those who use WASHSWAT more than twice after the first order) comprising 60% of the customer base.
Co-CEO Jina Namgung notes that “this new round of investment will be used to enhance our laundry quality and speed,” hoping that they “become Korea’s best laundry service.”
WASHSWAT is currently available in Gangnam, Seocho and Songpa districts and will continue to expand throughout the country in 2018.
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Based in San Francisco, Lisa enjoys exploring the intersection of technology and social impact. Having lived in over 9 cities throughout her life, she is in constant pursuit of immersing herself in culturally & intellectually diverse environments.