BUSINESS
The couple made the decision to organize the laundry sector and provide "quality and consistent services" as a result. Arunabh left his job in August 2016, and they started UClean, a laundromat service, in January 2017 with a capital investment of Rs 20 lakh. The company is now worth Rs 100 crore.
A great entrepreneur is one who explores and succeeds in untapped markets. Anyone who lives alone can attest to the fact that doing laundry is a huge effort. Anurabh Sinha, a native of Bhagalpur in Bihar, established a washing company with his wife Gunjan Sinha.
Arunabh Sinha oversaw a series of low-cost hotels' operations in North India. Arunabh discovered that the largest issue they were having throughout the nation was laundry-related when assisting them in growing their business in North India.
The couple made the decision to organize the laundry sector and provide "quality and consistent services" as a result. Arunabh left his job in August 2016, and they started UClean, a laundromat service, in January 2017 with a capital investment of Rs 20 lakh. The company is now worth Rs 100 crore.
When the IITian made the decision to leave his work, Arunabh Sinha was earning Rs 84 lakh annually, according to NBT. Anurabh formerly resided in a modest home. He began studying for the IIT in Class 8 because he was a diligent student.
He also took classes to supplement his income. He was accepted into IIT after Class 12. His family had a difficult time coming up with the funds for his college education. Following his college study, he was transferred abroad. He got married in 2015. Not his first startup, UClean. He has established a company named Franglobal.
READ | This Harvard alumnus leads Rs 63,359 crore company in India, he's a marathon runner
He joined Tribo Hotels after it was unsuccessful. He founded his current business in 2015. Vasant Kunj saw the opening of its first store. His business wasn't popular with his family. Arunabh, though, wasn't deterred. Gunjan and Arunabh, who live in Faridabad, were inspired to start something in the laundry business by the vibrant laundromat culture in South East Asian nations.
Early in the decade of the 2010s, attempts were made to uberize the washing business, but logistics remained a significant issue. Although the concept was excellent, the couple encountered a number of obstacles, both personally and professionally.
The fact that Arunabh left his well-paying career to "wash people's dirty linen" upset his family. Even though he had successfully run a fledgling company called Franglobal, he had trouble locating investors. They succeeded in persuading a dry cleaner to contribute and launch the first two UClean locations. For them to find an investor, it took 100 days.
There has been no turning back since that point. What began with a seed investment of Rs. 20 lakh has grown to a current turnover of Rs. 100 crore.
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