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Stock impact report

With Laundry Becoming A Mounting Chore For Busy Professionals, Tech Startups See Opportunity in Wash-And-Fold [Forbes]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Forbes
wash it. “It's been very efficient,” he says. “I leave my laundry outside my condo door; it gets picked up and delivered the same day clean and folded in a nice package.” The old-school business of wash-and-fold laundry pickup and delivery is getting a second wind as more consumers—from college students to working professionals like Diaz—outsource their laundry. Thanks to trends such as the need for convenience and widespread smartphone app adoption, online laundry services are expected to see a compound annual growth rate of 34% from 2024 to 2030, according to market researcher Grandview Research A fast-growing cohort of local and national startups is looking to win market share. Among the best-funded are Rinse , founded in 2013 and based in San Francisco; it raised $23 million from the appliance manufacturer LG in early 2025. 2U Laundry , founded in 2015 and based in Charlotte, N.C., raised $30.8 million from investors such as Morgan Creek Capital Management, Florida Funders and Show less Read more
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