JustClean raises $8 million in Series B funding
Kuwait-based laundry marketplace platform, JustClean, has raised a $8 million series B round from Faith Capital Holding. With this latest funding, JustClean will be able to further fuel its growth in the markets it operates in (Kuwait, Bahrain, UAE, KSA, and Qatar) and expand its product offerings within the cleaning sector.
JustClean operates as a business to business (B2B) and business to customer(B2C) marketplace platform, offering on-demand dry cleaning and laundry services. The startup looks to digitise the region’s $3 billion laundry industry.
In a statement from the company, Athbi Al Enezi, a co-founder and managing partner of JustClean, said, “JustClean has become the preferred aggregator for laundry services across the region, through the combined efforts made by hundreds of our valued laundry partners and our 200+ team members. Our technological solutions have proven to be effective and as such, we have built our brand on being the go-to solution provider of choice for cleaning business owners across the Mena region.”
Al Enezi pointed out that during the last six months of Covid-19, the company’s business model has been reaffirmed to be versatile and adaptable to market conditions, creating new revenue streams that are diversified and sustainable.