Quick Clean has raised $14 million in a Series B funding round led by Stakeboat Capital, while SwitchOn has raised $8 million in its pre-Series B funding round led by IvyCap Ventures.
Quick Clean raises $14m led by Stakeboat
Quick Clean, an on-premise laundry infrastructure company, has raised $14 million (nearly Rs 133 crore) in its Series B funding round led by Stakeboat Capital.
The financing was also joined by existing investors Alkemi Growth Capital, and Blue Ashva Capital, according to a company statement.
The fresh capital will be deployed to accelerate Quick Clean’s expansion across India, strengthen investments in AI-led laundry operations, automation, predictive maintenance, and sustainability technologies, the statement said.
Over the next five years, the company aims to expand its network to more than 500 on-premise laundry facilities across hospitality and healthcare.
Founded in 2010 by brothers Anshul Gupta and Ankur Gupta, Quick Clean operates more than 140 on-premise laundry facilities across over 38 cities, and serves hospitality and healthcare clients including Marriott, Taj, Hyatt, Radisson, ITC Hotels, AIIMS, Lilavati Hospital, and Bombay Hospital, among others.
IvyCap leads $8m funding in SwitchOn
SwitchOn, a company building physical AI solutions for quality inspection in manufacturing, has raised $8 million (Rs 78 crore) in its pre-Series B funding round led by IvyCap Ventures.
The funding also saw participation from SIG Tattva and Trifecta Capital, the startup said in a statement.
Operated by Abee Research Labs Pvt. Ltd., SwitchOn will use the funds to accelerate international expansion, deepen R&D in next-generation physical AI, and scale its go-to-market capabilities across key manufacturing verticals globally.
SwitchOn, co-founded by Aniruddha Banerjee and Avra Banerjee, builds physical AI solutions for quality inspection in manufacturing. The company deployed its first production systems in 2021 and has since expanded into a global platform. It integrates AI into manufacturing machines to offer VisionAI systems across sectors such as CPG, electronics, automotive and pharmaceuticals.
SwitchOn had previously raised $4.2 million led by Axilor Ventures and Pi Ventures in its Series A round in April 2023.
