Rinse (company) explained

Rinse, Inc.
Type:Private company
Hq Location:San Francisco, California, United States
Industry:Personal Services
Services:Laundry and dry cleaning services
Website:
Area Served:Austin, Boston, Chicago, Dallas, Los Angeles, New Jersey, New York City, San Francisco Bay Area, Seattle, Washington D.C.
Footnotes:[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]

Notes and References

  1. Web site: About . Rinse.
  2. News: Saporito . Bill . Is the $40 Billion Laundry Industry Ready for Reinvention? This Startup Is Betting on It . 11 December 2023 . Inc.
  3. Web site: Investors back on-demand laundry service . Thadani . Trisha . USA Today. June 9, 2015.
  4. Web site: VC-backed Rinse buys Washio's assets . Dorbian . Iris . October 7, 2016 . PE Hub.
  5. Web site: Dry cleaning service Rinse buys FlyCleaners and launches in New York . Chen . I-Chun . March 6, 2022 . New York Business Journal.
  6. Web site: Rinse Buys FlyCleaners, Launches in New York City . Nieman . Bob . March 8, 2022 . Planet Laundry.
  7. Web site: Rinse acquires Chicago-based dry cleaning and laundry provider Dryv . November 17, 2020 . Business News Today.
  8. Web site: Rinse Acquires Dryv in Continued Expansion . November 17, 2020 . Markets Insider.
  9. Web site: June 2, 2021 . Rinse Acquires ButlerBox in Continued Expansion . American Coin-Op.
  10. News: Schlosser . Kurt . May 22, 2024 . Seattle peer-to-peer laundry startup Loopie sells part of business to two companies . GeekWire.
  11. Web site: https://www.bizjournals.com/seattle/news/2024/05/24/loopie-happynest-rinse-laundry-seattle.html . 2024-08-13 . www.bizjournals.com.

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