Quick Smart Wash raises $5.15 mn

New Delhi: Quick Smart Wash Pvt Ltd on Friday said it has raised $5.15 million (over Rs 40 crore) from Elan Corporation, Japan in a fresh round of funding. The company, which offers professional linen management services, said the funds raised will help expand capacity from processing 1 lakh clothes every day to almost 1.65 lakh pieces every day within this financial year.

“We are the first-only firm to offer a complete end-to-end linen management service for hospitals in India. Elan is a pioneer and market leader in providing hospitalisation set and I believe this partnership will help us build more capacity with deep technology sharing,” Quick Smart Wash Managing Director Rakesh Sharma said.