homevideos Newsstartup NewsStartup Street: Tortoise raises funds from Swiggy, BigBasket's Abhinay Choudhari launches LaundryMate

Startup Street: Tortoise raises funds from Swiggy, BigBasket's Abhinay Choudhari launches LaundryMate

BigBasket co-founder Abhinay Choudhari has launched his new venture LaundryMate, an organised online laundry services brand with a turnaround time of 24 hours.

By CNBC-TV18 Sept 5, 2022 9:21:26 PM IST (Published)

1 Min Read
Fintech startup Tortoise has received an undisclosed sum from the co-founders of Swiggy and ZestMoney. The 'save now buy later' startup had earlier raised $2.3 million in a seed round from Vertex Ventures.
Startup Street spoke to Nikhil Joy, co-founder of Tortoise, to discuss this fundraise and the growth outlook.
India's overall addressable market for laundry services is expected to grow from $11.3 billion to $15 billion by 2025, as per a RedSeer report. Tapping on this big opportunity, BigBasket co-founder Abhinay Choudhari has launched his new venture LaundryMate, an organised online laundry services brand with a turnaround time of 24 hours.