India Dealbook: Laundry services startup Wassup, Fyle raise funding

Chennai-based on-demand laundry services Wassup has raised $3.2 million while expense management platform Fyle Technologies has secured $40k funding.

Wassup raises $3.2m in pre-Series A round

Wassup, an on-demand laundry and dry-cleaning service, has raised $3.2 million in pre-Series A round of funding from existing investors Anil Jain, MD, Refex Energy, HNIs from India and the Middle East.

The company will use the investment for expansion and build a stronger management team.

“The company has a sustainable, scalable model and has been steadily growing since its start in 2011. Among several laundry service startups that sprung up in the last 18 months, some of which have shut down, Wassup has steadily added seven cities to its list,” said Anil Jain.

Previously, the company had secured a $2 million funding from Arun Chandra Mohan and Praveen Sinha, the co-founders of Jabong and angel investor Micky Watwani. It had also acquired laundry services provider Ezeewash and Chamak.

Fyle receives $400k funding led by Pravega Ventures

Fyle Technologies, an expense management company, has received $400,000 seed funding led by early-stage fund Pravega Ventures.

According to an article in Economic Times, BeeNext and angel investors like redBus cofounder Phaninder Sama, Zivame founder Richa Kar and Joydeep Sen Sarma, cofounder of cloud company Qubole, also participated in the round.

The startup will use the money for expanding its business.

Bangalore-based Fyle Technologies was founded in February in 2016. The platform of Fyle Technologies can be plugged in email clients such as Google’s Gmail and Microsoft’s Outlook. It can then identify expense related data on email, such as an air ticket receipt or a phone bill, and by a single user click convert that data into a format that can be retrieved in a structured format and sent to the expense tool.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.