Rinse (company)

Last updated

Rinse, Inc.
Company typePrivate company
Industry Personal Services
Founded2013;11 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]

Related Research Articles

East West Bank is the primary subsidiary of East West Bancorp, Inc. It is the largest publicly traded bank headquartered in Southern California, ranking 42nd on the list of largest banks in the United States.

<span class="mw-page-title-main">Salesforce</span> American software company

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.

<span class="mw-page-title-main">Henkel North American Consumer Goods</span> American company

Henkel Corporation, doing business as Henkel North American Consumer Goods and formerly The Dial Corporation, is an American company based in Stamford, Connecticut. It is a manufacturer of personal care and household cleaning products and is a subsidiary of multinational company Henkel AG & Co. KGaA.

Spotless Group Holdings is an Australian listed company that provides what it calls 'integrated facility services' in Australia and New Zealand through a number of house brands. The company, established in 1957, has a workforce of over 36,000.

Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Blacksburg, Virginia and Austin, Texas, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shanghai (China), Queenstown (Singapore) and Sydney (Australia).

<span class="mw-page-title-main">JLL (company)</span> Real estate consultancy firm

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 193 on the Fortune 500.

<span class="mw-page-title-main">Francisco Partners</span> American private equity firm

Francisco Partners Management, L.P., doing business as Francisco Partners, is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. It was founded in August 1999 and based in San Francisco with offices in London and New York City.

Sunil Paul is an Internet entrepreneur who launched Spring Free EV in 2021. He has previously founded companies such as Brightmail and Freeloader, Inc. He was the co-founder and CEO of Sidecar, a San Francisco, based an on-demand peer-to-peer taxi service that later pivoted away from ridesharing toward deliveries of various items.

<span class="mw-page-title-main">Bonobos (apparel)</span> American apparel company

Bonobos is an upscale e-commerce-driven apparel company that designs and sells menswear including men's suits, trousers, denim, shirts, shorts, swimwear, outerwear, and accessories. The company was founded by Stanford Business School students Andy Dunn and Brian Spaly, and launched as an online retailer in 2007.

<span class="mw-page-title-main">Planview</span> Software company

Planview is a global enterprise software company headquartered in Austin, Texas.

YourMechanic is an American company that provides mobile automotive repair and maintenance services to vehicle owners at their location, such as their home or office.

<span class="mw-page-title-main">Handy Technologies</span> American home services marketplace company

Handy Technologies, Inc. is an online two-sided marketplace for residential cleaning, installation, and other home services. Founded in 2012 in Cambridge, Massachusetts, the now New York–based company operates services in United States, United Kingdom, and Canada. The company was acquired by ANGI Homeservices in October 2018.

5ecret 5tar Inc, doing business as Luxe, was a business that developed, marketed and operated the Luxe mobile app, an on-demand parking and car services mobile application. Using Luxe, customers could submit a request to have their car parked, fueled, washed, charged, serviced or driven home by the company's valets. Luxe was acquired by Volvo Cars in September 2017.

<span class="mw-page-title-main">Spin (company)</span>

Spin is an electric bicycle-sharing and electric scooter-sharing company. It is based in San Francisco and was founded as a start-up in 2017, launching as a dockless bicycle-sharing system controlled by a mobile app for reservations.

Rubrik, Inc. is an American cloud data management and data security company based in Palo Alto, California, founded in January 2014. The company is listed on the New York Stock Exchange after going public in April 2024.

Managed by Q was an office management platform company based in New York City. The company was founded in 2014 by Saman Rahmanian and Dan Teran as a management platform including vendors for cleaning and maintenance services. In 2017 the company launched their marketplace which expanded their services to include IT support, inventory management, administrative staffing, and security.

<span class="mw-page-title-main">Washio (company)</span> Services provider company in US(closed 2016)

Washio was an American on-demand laundry cleaning and delivery service. The company was founded in 2013 by Jordan Metzner, Bob Wall, and Juan Dulanto, and raised $17 million in funding.

Poplin is an American company which allows people to hire independent contractors to wash, dry, fold, and deliver laundry. SudShare was co-founded in 2018 by Mort and Nachshon Fertel in Baltimore, Maryland, and operates through a mobile app of the same name. The service is available in over 400 American cities.

<span class="mw-page-title-main">Pressbox</span> Laundry company

Pressbox is an on-demand dry cleaning and laundry service company founded by Vijen Patel and Drew McKenna in 2013 and acquired by Procter & Gamble in 2018.

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)