Local Entrepreneur Sells Successful Dry Cleaning Delivery Business to Venture Capital Funded ihateironing
Birmingham dry cleaning and laundry business laundrycollect.co.uk has been acquired by ihateironing, the venture capital backed Dry Cleaning and Laundry startup for an undisclosed fee. The acquisition is part of ihateironing’s ambitious national expansion programme.
Laundrycollect.co.uk are a well established local company, founded by local entrepreneur Tariq Mahmood. Having built up a business of over 500 domestic and commercial customers over the past four years. The premise of both businesses are very similar, to make people’s lives easier by facilitating laundry and dry cleaning to be collected and delivered to the home or office at the touch of a button.
Tariq Mahmood, the owner of laundrycollect.co.uk, is keen to pursue other business ventures, but it certainly wasn’t an easy decision for him to sell. He wanted to find a company that shared his high expectations and values and ihateironing was the perfect match. Upon the sale, Tariq expressed:
“I am delighted to have sold my business to ihateironing. I wanted to find a company that shared my values on providing a high quality service to our customers, with convenience at the forefront. Over the past four years, laundrycollect.co.uk have built up a trust with many hundred regular users, so it was important to find a company I could trust to ensure the high quality service we have become known for is carried forward. ihateironing exists to make people’s lives easier and I have the utmost faith that they will continue to provide a high quality service to the people of Birmingham and Solihull”.
Upon expanding in to Birmingham, Matt Connelly, Founder and CEO of ihateironing commented:
“I am incredibly excited to be bringing ihateironing to Birmingham. We really want this thriving city to be a big part of our business and the well established local customer base already in place meant the acquisition of laundrycollect.co.uk made perfect sense. We very much look forward to continuing their hard work and establishing ourselves as Birmingham and Solihull’s number one choice when it comes to dry cleaning and laundry delivery services”.
ihateironing is a venture funded start-up with their head office in London – they have been operating for over six years, serving the whole of London and other major cities. ihateironing have come a long way since they started operations back in 2012. Founder and CEO Matt Connelly would initially perform the collections and deliveries with his brother using just their bikes. Since then, they have continued to grow and have over 10,000 customers, work with over 50 partner dry cleaners and earlier this year, celebrated their 100,000th order. They are also award winners, taking home the accolade for Digital Business of the Year for the London region at the prestigious Federation of Small Business Awards held in London in March of this year.
Customers are able to book their collection either on the website, or on the ihateironing app which is available on the apple and android app stores. After booking a collection on their website or app, a master dry cleaner will come to your door and collect your clothes. Your clothes will then be cleaned at one of their boutique cleaning centres before being returned to your door as clean as new.