Quick Clean raises $14M in Series B round led by Stakeboat Capital
Quick Clean will use this funding for expansion of its laundry network and investment into technology.
Institutional laundry infrastructure company Quick Clean has raised $14 million in a Series B funding round led by Stakeboat Capital, with existing investors Alkemi Growth Capital and Blue Ashva Capital also participating.
Founded in 2010 by brothers Anshul Gupta and Ankur Gupta, Quick Clean provides build-own-operate (BOO) on-premise laundry infrastructure for hotels and hospitals, enabling institutions to outsource laundry operations while keeping facilities within their premises.
The company said it will use the fresh capital to expand the company's on-premise laundry network across India, invest in AI-driven operations and automation, and support its international expansion plans.
The company also plans to deepen investments in AI-powered laundry operations, predictive maintenance, automation, and sustainability technologies. Over the next five years, it aims to expand its network from more than 140 facilities to over 500 on-premise laundry units across the hospitality and healthcare sectors. It also plans to enter markets in Southeast Asia and the Middle East.
"Our ambition is to build the world's largest on-premise laundry infrastructure company," said Anshul Gupta, Founder and CEO of Quick Clean, adding that the latest investment would help the company scale its technology platform and global footprint.
Stakeboat Capital said it backed the company because of its differentiated operating model and growing demand for technology-enabled laundry infrastructure in India's expanding hospitality and healthcare sectors. Existing investor Alkemi Growth Capital also reaffirmed its support, citing the company's execution capabilities and focus on sustainability.
Quick Clean currently operates more than 140 on-premise laundry facilities across over 38 cities, processing upwards of 100,000 kilograms of linen daily. It employs more than 1,500 people and serves hospitality brands such as Marriott, Taj, Hyatt, Radisson and ITC Hotels, along with healthcare institutions including AIIMS, Lilavati Hospital and Bombay Hospital.
The company said its technology-driven operations consume about eight litres of water per kilogram of linen processed, compared with an industry average of nearly 24 litres, contributing to lower water consumption and carbon emissions for customers.