India: CleanseCar car wash acquires Carnanny
The deal includes 32 societies that Carnanny has been serving in Mumbai.
Doorstep car cleaning company CleanseCar has acquired Carnanny, a subscription-based daily car wash and car care services, in an all-stock deal. The value of the deal was not disclosed.
With this move, CleanseCar would become the only player to provide on-demand car care services in Mumbai, according to the company’s statement. “This acquisition has made us the market leader in our segment. This is one more step towards our goal of streamlining the $5 billion car care industry by introducing standardisation and the use of technology,” said Kalyandhar Vinukonda, Founder, CleanseCar.
CleanseCar plans to further expand to Delhi, Pune and Hyderabad markets over the nexth months and to acquire more firms to increase its footprint in the country. The company also intends to add insurance and used car sales services to its portfolio by 2020.
CleanseCar kicked off operations in January 2018 to bridge the demand-supply gap in the on-demand car care segment. The company provides today car wash services to 10,000 cars per day in Bengaluru, Chennai, and Mumbai areas.
Carnanny is a daily waterless car wash service involving microfiber cloths, pressure sprinklers, and wax and conditioner-based eco-friendly solutions.
