Gaurav Teotia is the co-founder of Tumbledry, which is one of the largest laundry and dry-cleaning chains in India. Founded in 2019, Tumbledry currently has more than 1000+ stores across 360+ cities in the country.
The journey to securing admission to prestigious institutions like the Indian Institutes of Technology (IIT) and Indian Institutes of Management (IIM) is no easy feat. Individuals who graduate from renowned institutions like IIM gain invaluable knowledge and skills that equip them to excel in the marketing and business world.
Gaurav Teotia is the co-founder of Tumbledry, which is one of the largest laundry and dry-cleaning chains in India. Founded in 2019, Tumbledry currently has more than 1000+ stores across 360+ cities in the country.
Gaurav significantly contributed to laying down the foundational framework for the Tumbledry company. He pursued B.Tech in Electronics Engineering from IIT Dhanbad. Later, he also finished his MBA from one of India’s top colleges, IIM Ahmedabad.
According to the Tumbledry official website, Gaurav was a rank holder at IIM Ahmedabad & Gold Medalist at IIT Dhanbad. He also holds seven-plus years of experience across Strategy, Business Planning & Sales, working in reputed organisations like Airtel, LAVA & DRDO.
In an interview with CEO Insights, Gaurav revealed the inspiration behind starting Tumbledry. He said that when they travelled to South East Asia in 2016-18, both Navin Chawla and Gaurav Nigam (Co-Founders & Directors of Tumbledry) witnessed the laundromats market booming there.
Despite comparable income levels, there was no definition of organised laundromats in India. To fill that gap, all of them agreed to start such a company in India. This journey began when they opened their first store in Noida.
Under Gaurav's leadership, Tumbledry’s revenue growth over the past four fiscal years has been commendable. The company recorded a revenue of Rs 6.5 crore in FY 2019-2020. It later saw remarkable growth as it touched the Rs 14.4 crore revenue mark in FY 2020-2021.
Despite facing COVID restrictions and challenges, Tumbledry accelerated its growth in FY 2021-2022, achieving a staggering revenue of Rs 24.3 crore.
In the financial year 2022-23, the laundry and dry clean brand recorded a massive revenue of Rs 116 crore. The company saw an impressive growth of 377%.
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