Laundrapp and Zipjet merge to form largest on-demand laundry service in UK 01 Jul 2019

laundrapp zipjet merger drycleaning delivery service

Two of Europe’s biggest on-demand laundry startups have formally announced their merger.

 Laundrapp from London and Zipjet from Berlin are confirming the completion of a previously-rumoured merger through which the combined business will become the largest on-demand laundry business in the UK.

The European on-demand laundry and drycleaning market is estimated to be worth around €20bn per annum. Both Laundrapp  and Zipjet  have benefitted from this demand, with revenues, they say, rising more than 30 per cent year on year. Together, the businesses currently process over 150,000 items of washing each month.

London is currently the main market for both Laundrapp and Zipjet, and this transaction gives the combined business-critical operational mass, whilst maintaining two separate brands in the short term.

Oliver Bedford at Hargreave Hale commented: “Bringing together two significant operators within the on-demand laundry industry will help lay the foundations for the next wave of investment into technology and infrastructure. Laundrapp aims to put convenience, choice and value at the centre of its customer proposition and we see this transaction as an important step towards building a sector leading capability.”

Lorenzo Franzi, CEO of Laundrapp, commented on the deal: “Bringing the two businesses together allows us to realise synergies, leveraging our technological advantage and critical mass to better serve customers and partners, and in the process cement our position as the #1 player.”

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