Delivery services are flourishing in China. People spend a lot of time on their smartphones and tablet devices, so delivery services, which save users time and effort, are becoming very popular. While most people use these apps to order take-out food or deliver documents at work, some of the new delivery services have become as famous as their users. For example, Flexiv Chinese $100M series meituanliaotechcrunch is a service that delivers personal laundry to your home or office.
Users Download The App and List Personal
Information including wardrobe sizes, clothing brands they prefer, types of clothes they like to wear etc. Then they can book an appointment with one of the company’s professional cleaners on demand or before leaving for work or a trip. Once you arrive at home or office after work (or wherever you leave your clothes), you will find freshly cleaned and folded clothes in your wardrobe. The service has raised $100 million Series B funding from Lightspeed Venture Partners and IDG Capital — up from its Series A round of $65 million last year — to keep expanding its business by hiring more cleaners and adding more cities to its network.
What is Flexiv?
Flexiv is a laundry delivery service in China. It also offers dry cleaning, shirt pressing and other garment service. Users can book an appointment with one of the company’s professional cleaners on demand or before leaving for work or a trip. Once you arrive at home or office after work (or wherever you leave your clothes), you will find freshly cleaned and folded clothes in your wardrobe. The service charges RMB 10 per item and RMB 0.5 per kilometer for deliveries.
Flexiv’s Smart App Helps
its customers with three main features: – The wardrobe feature helps customers keep track of their wardrobe. When they come home with new clothes, they can simply scan the barcode and add it to their wardrobe. They can also add details to their garments such as the last time they wore that item and even the last time they washed it. – The cleaning feature allows people to track the progress of their laundry item. They can see the name of the individual cleaner working on it and exactly what they are doing — like the type of detergent they are using. – The scheduling feature allows customers to schedule a laundry drop-off or pickup at a time that suits them.
Why did Flexiv Chinese $100M Series B Funding?
The laundry delivery service business has become more competitive in China, with each service attracting millions of users every month. To win in this fierce competition, Flexiv has raised $100 million from Lightspeed Venture Partners and IDG Capital — up from its Series A round of $65 million last year — to keep expanding its business by hiring more cleaners and adding more cities to its network. The funding will also help.
Flexiv To Develop More AI-Based Features.
The app already allows users to track the progress of their laundry item. They can see the name of the individual cleaner working on it and exactly what they are doing — like the type of detergent they are using. But AI will let them do more things like track the progress of their laundry item and receive push notifications once it’s done. Flexiv’s main competitors are Xiaoshu and Deep. Xiaoshu is one of China’s first laundry delivery services. Deep is an app that offers a similar service to Flexiv.
Other China’s Delivery Services That Have Raised Billions
Other China’s delivery services that have raised billions are Meituan-Dianping — the world’s largest online Chinese restaurant booking service — and Tik Tok — one of the world’s best-known apps for broadcasting and watching short videos. Meituan-Dianping has raised $15 billion from investors and is now valued at $60 billion. Tik Tok has raised $3 billion from investors and is now valued at $15 billion.
Conclusion – Flexiv Chinese $100M series
Flexiv Chinese $100M series meituanliaotechcrunch is one of China’s top laundry delivery services that has raised $100 million in Series B funding to win in the fierce competition. The funding will help Flexiv to develop more AI-based features and hire more cleaners to add more cities to its network. China may not be the first place that comes to mind when you think about the future of e-commerce, but it’s quickly rising to the top.
The number of people who shop online is growing rapidly, and e-commerce sales in China are projected to reach $1 trillion by 2022.
Online shopping is especially popular among younger people in China, and a new research report from Euromonitor International predicts that this trend will continue, with the number of people between the ages of 18 and 29 who shop online in the country rising by 50% by the year 2030.
