According to a report today by Sky News, the on-demand, app-driven Laundrapp is about to buy its rival, Zipjet, which operates in London, Berlin and Paris, for a reported £17.5 million.
Sky News says the boards of Zipjet and Laundrapp have reached agreement on the terms of a deal, which it says is is “aimed at creating critical mass in the two companies' combined London operations”.
Both companies use apps to offer households and offices a simple, quality and convenient collect-and-deliver laundry and drycleaning service. When Laundrapp was named ‘App of the Year’ in 2016, the company said that its ‘Powered by Laundrapp’ platform had streamlined the delivery process, using smart vehicle tracking, geo-based real-time logistics and mobile first technology to offer the consumer a fast, efficient and easier option than doing their laundry at home.
Laundrapp founder Ed Relf, an award winning digital entrepreneur and self-confessed 'digital disruptor', dreamed up Laundrapp in 2014, saying the concept is “a game changer, a revolutionary business” and described it as the UK textile services’ equivalent of Uber.
DMG Media Investments, a subsidiary of Daily Mail and General Trust, holds a minority stake in Zipjet.
• LCN has reached out to Laundrapp for comment. This is a developing story to be updated.
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