Rinse (company)

Last updated

Rinse, Inc.
Company typePrivate company
Industry Personal Services
Founded2013;12 years ago (2013)
Founders
  • Ajay Prakash (CEO)
  • James Joun (COO)
Headquarters San Francisco, California, United States
Area served
 Austin, Boston, Chicago, Dallas, Los Angeles, New Jersey, New York City, San Francisco Bay Area, Seattle, Washington D.C.
ServicesLaundry and dry cleaning services
Website www.rinse.com
Footnotes /references
[1]

Rinse, Inc., is an American on-demand laundry and dry cleaning services company headquartered in San Francisco, California. The company offers clothing pickup and delivery service.

History

Rinse was founded in 2013 by entrepreneurs and Dartmouth College friends James Joun and Ajay Prakash. Joun was previously helping his parents in their dry cleaning storefront. [2] After launching in San Francisco, the company expanded to California and raised $3.5 million in seed funding in June 2015. [3]

In 2016, Rinse purchased the assets of Washio, shortly after the Los Angeles-based company shut operations. [4] The company launched in New York City by acquiring FlyCleaners for an undisclosed amount in 2022. [5] [6] Other acquisitions include Cleanly's San Francisco operations in 2019, South Bay upstart OffToYou in 2020, Chicago-based dry cleaning startup Dryv in 2020, Los Angeles-based Butlerbox in 2021, New York-based laundry startup Room Service Laundry in 2022, and Seattle-based laundry startup Loopie in 2024. [7] [8] [9] [10] [11]

References

  1. ↑ "About". Rinse.
  2. ↑ Saporito, Bill. "Is the $40 Billion Laundry Industry Ready for Reinvention? This Startup Is Betting on It". Inc. Retrieved December 11, 2023.
  3. ↑ Thadani, Trisha (June 9, 2015). "Investors back on-demand laundry service". USA Today.
  4. ↑ Dorbian, Iris (October 7, 2016). "VC-backed Rinse buys Washio's assets". PE Hub.
  5. ↑ Chen, I-Chun (March 6, 2022). "Dry cleaning service Rinse buys FlyCleaners and launches in New York". New York Business Journal.
  6. ↑ Nieman, Bob (March 8, 2022). "Rinse Buys FlyCleaners, Launches in New York City". Planet Laundry.
  7. ↑ "Rinse acquires Chicago-based dry cleaning and laundry provider Dryv". Business News Today. November 17, 2020.
  8. ↑ "Rinse Acquires Dryv in Continued Expansion". Markets Insider. November 17, 2020.
  9. ↑ "Rinse Acquires ButlerBox in Continued Expansion". American Coin-Op. June 2, 2021.
  10. ↑ Schlosser, Kurt (May 22, 2024). "Seattle peer-to-peer laundry startup Loopie sells part of business to two companies". GeekWire.
  11. ↑ www.bizjournals.com https://www.bizjournals.com/seattle/news/2024/05/24/loopie-happynest-rinse-laundry-seattle.html . Retrieved August 13, 2024.{{cite web}}: Missing or empty |title= (help)
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