Laundry chain Quick Smart Wash attracts $5.15 M from Japan's Elan Corp

Jaipur-headquartered laundry chain Quick Smart Wash (QSW) Pvt Ltd has raised USD 5.15 million from Japan-based Elan Corporation The funds will be used to expand capacity from the existing 35 tonnes per day (processing 100,000 or fewer clothes daily) to 55 tonnes per day (processing 165,000 pieces every day) within this financial year. QSW has set up processing units in Jaipur, Manipal-Udupi, Delhi NCR, Hyderabad, Bengaluru, Jalandhar, and Amritsar. It plans to raise another USD 10 million in Series-C round.