China’s leading on-demand laundry startup, Edaixi, this week revealed it has secured US$100 million in series B funding. The latest investment, just over a year after getting US$20 million in series A from Matrix Partners and SIG, is led by Baidu and followed by the two previous backers, according to a report on QQ Tech.

People can use the Edaixi service in over a dozen cities across China, with a large bag of laundry costing RMB 99 (US$16), or lower prices are available for single items – all the way down to just RMB 9 (US$1.50). Customers can submit an order from Edaixi’s website, native app, or WeChat service account; the startup promises to return items all freshened up within 72 hours.

464125-1383814747676

1430292692832

Startups are booming in China’s main cities, with everything from manicurists to mechanics, meals to massages on-demand.

See the Full article From TechInAsia here.

Advertisements