Liquidity Events
USA-based fintech co. PayRange acquires laundromat startup Turns
Noida-based Turns , a software platform specifically designed for laundromat and dry cleaning businesses, has been acquired by Portland (USA)-based fintech startup PayRange.The acquisition is expected to combine PayRange's machine payment system with Turns' laundry management software to enable expansion of services in the US laundromat industry.Founded in 2020 by Sukanth Srivastav and Vishal Gupta, Turns provides laundromats with a software and hardware-integrated platform that includes point-of-sale, customer management, payment processing, accounting, employee management, logistics, and compliance.
In Jan 2023, Turns had raised funding from Better Capital and PointOne Capital.
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