Quick Clean raises Rs 50 Cr in Series A round

Entrackr · 7d

Quick Clean, a professional linen management solutions provider, has raised Rs 50 crore ($5.7 million) in its Series A funding round co-led by Alkemi Growth Capital and Blue Ashva Capital, and witnessed an additional investment of Rs 10 crore ($1.15 million) credit line from Venture Debt Cos. The company had previously raised $188K from Deepan Exim and others. The fresh funds will be used to expand its footprint into healthcare and hospitality, Quick Clean said in a press release. Co-founded in 2010 by Anshul Gupta and Ankur Gupta, Quick Clean started by introducing coin-operated laundromat services before evolving into an importer and distributor of commercial laundry equipment and expanding to 45 franchises in their first year of operation. The company has partnered with leading technology providers like Electrolux Professional, Trevil, and Rennai. The Gurugram-based company has a presence across 36 cities in India, with a team of over 750 experienced professionals and an ARR of Rs 80 crore. Quick Clean boasts over 3,000 installed machines across more than 120 five-star hotels and leading healthcare chains, including Taj, Marriott, Fairmont, ITC, Radisson, AIIMS, PMCH, and other large organizations. The company has claimed to have processed over 600 million kg of linen, saved 210 million liters of water (meeting the daily water requirement of 15 lakh households), and reduced 60 million kg of carbon emissions. Quick Clean aims to raise hygiene standards, enhance sustainability, and lead India’s professional linen management revolution.