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