Gurugram, January 2025– An unknown sum was successfully secured by Revivo, a tech-first laundry and dry cleaning firm, in a PreSeed Series A Round managed by Inflection Point Ventures (IPV). To boost growth and improve market positioning, the money will support talent acquisition, strategic branding initiatives, and technological advancements.
With its D2C business model, Revivo is upending the fragmented laundry sector by utilizing cutting-edge technology and forming smart alliances with regional service providers. Revivo prioritizes sustainability by using eco-friendly packaging and reusable delivery boxes while processing over 5,000 orders and managing 3 lakh garments each month throughout its locations in Gurgaon and Delhi.
Co-founders of REVIVO are Vikas Agarwal, an IIT-IIM graduate with more than ten years of experience in marketing and company development, and Khushboo Gupta, an FMS alumni with experience in research, analytics, and people management. REVIVO’s strategic expansion and operational excellence are propelled by their shared goal.
The laundry and dry cleaning sector has long played a significant role in urban culture, according to Mitesh Shah, co-founder of Inflection Point Ventures. Families frequently have little time for household duties because they are too busy caring for children, elderly family members, spouses, and hard jobs. Realizing this, Revivo helps hundreds of city dwellers with everything from pick-up to delivery at a very affordable price, including premium washing, dry cleaning, ironing, and cleaning of carpets and upholstery. We think there is a lot of room for growth in India, where people are more motivated than ever to prioritize productivity.
Revivo’s asset-light, technology-driven, and highly scalable business model makes it stand out. Revivo guarantees smooth and dependable clothing care services with the help of more than 15 dependable processing partners and a committed logistics fleet.
“At REVIVO, we are transforming the laundry industry by combining convenience, quality, and eco-conscious practices,” said Khushboo and Vikas, co-founders of the company. Our 6-hour turnaround time has set a new standard for swift commerce ironing services, which we pioneered to fulfill everyday necessities. We are dedicated to making daily tasks easier with reliable, creative solutions, utilizing disorganized participants while guaranteeing constant quality and on-time delivery. One properly laundered item at a time, REVIVO promises to make life easier. It is more than just a service.
Significant accomplishments for the firm include getting chosen for the esteemed Gurukul Accelerator Program, launching a cutting-edge 6-hour ironing service, and being included in Entrepreneur Today’s 35 Under 35 list.
With 95% of participants working independently, India’s $47.9 billion laundry and dry cleaning business is still primarily unorganized. Over the next ten years, Revivo wants to gain $1 billion in market share.
About Revivo
Revivo, which was founded by Khushboo and Vikas, is using a Direct-to-Consumer (D2C) business strategy to revolutionize the washing sector in India. The firm provides transparent, dependable, and environmentally friendly clothing care solutions by utilizing technology and strategic alliances.
About Inflection Point Ventures and Physis Capital
An angel investment network called Inflection Point Ventures (IPV) connects more than 23,500 CXOs, HNIs, and professionals to jointly invest in businesses. The company helps modern business owners by linking them with a wide range of investors and giving them both financial and in-kind funding. Physis Capital, a $50 million CAT 2 venture capital fund, was established by IPV to invest in start-ups in the pre-Series A to series B growth stages. In addition to a few businesses in advanced phases of development, the fund has already invested in two startups.
