Revivo, a tech-driven laundry and dry-cleaning startup, has successfully raised an undisclosed amount in a funding round led by Inflection Point Ventures (IPV), a prominent angel investment firm based in Gurugram. This capital injection will fuel Revivo’s plans to enhance its technology infrastructure, launch strategic branding initiatives, and acquire top-tier talent to drive accelerated growth and strengthen its foothold in the competitive market.
Founded by Khushboo Gupta and Vikas Agarwal, Revivo has been pioneering change in the Indian laundry industry by adopting a Direct-to-Consumer (D2C) model. This innovative approach leverages cutting-edge technology and strategic partnerships to deliver reliable, transparent, and sustainable garment care solutions. Currently operating across Gurgaon and Delhi, the company has garnered significant traction, processing over 5,000 orders monthly and managing close to 300,000 garments. Sustainability is at the core of Revivo’s operations, reflected in its use of eco-friendly packaging materials and reusable delivery boxes.
One of Revivo’s standout features is its technology-driven, asset-light business model, which ensures efficiency and scalability. The startup has also introduced a quick-commerce ironing service that promises a six-hour turnaround time, setting a new benchmark for convenience in the industry. This innovative service has helped Revivo cater to the everyday needs of its growing customer base while maintaining a strong focus on quality and eco-conscious practices.
India’s laundry and dry-cleaning market, valued at an impressive $47.9 billion, remains highly fragmented, with 95% of businesses being independently operated. Revivo aims to disrupt this unorganized market by positioning itself as a leader in the sector, setting ambitious goals to capture $1 billion in market share over the next decade. By prioritizing sustainability, innovation, and customer-centric services, the company is paving the way for a significant transformation in garment care across the country.
The involvement of Inflection Point Ventures in this funding round highlights the growing investor confidence in startups that are leveraging technology to revolutionize traditional industries. IPV’s support will be instrumental in helping Revivo scale its operations, expand its geographical reach, and further solidify its market presence. The startup’s founders, Khushboo Gupta and Vikas Agarwal, expressed their commitment to redefining the laundry experience for Indian consumers while adhering to eco-conscious and sustainable practices.
As Revivo continues to innovate and expand, it is well-positioned to address the evolving needs of a modern, urban consumer base. Its commitment to quality, convenience, and sustainability resonates with a growing segment of environmentally conscious customers, further strengthening its competitive edge. The future of the Indian laundry industry is set for a remarkable transformation, with Revivo leading the charge as a trailblazer in the sector.
