China’s Top ‘Uber For Laundry’ Startup Cleans Up With $100M Series B Funding

Chinas top 'Uber for laundry' startup cleans up with $100M series B funding

(Photo by Shuck)


China’s leading on-demand laundry startup, Edaixi, recently revealed it has secured $100 million in series B funding. The latest investment, just over a year after getting $20 million in series A from Matrix Partners and SIG, is led by Baidu (BIDU) and followed by the two previous backers, according to a report on QQ Tech.

People can use the Edaixi service in over a dozen cities across China, with a large bag of laundry costing $16, all the way down to just $1.50 for smaller items. There’s the option to submit an order from Edaixi’s website, native app, or WeChat service account. The startup promises to return items within 72 hours.

Continue reading at Tech in Asia.

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