Friday, October 7, 2016

Rinse Buys The Remains Of Washio

On demand, laundry service Rinse disclosed today that it has acquired the assets of now defunct, on-demand laundry competitor Washio. Financial terms of the acquisition were not disclosed. Washio had also provided its services in Los Angeles, in addition to Boston, Chicago, San Francisco, Oakland, New York, and Washington DC. Both Washio and Rinse have been backed by various Los Angeles investors, with Washio's backers including Ashton Kutcher, and Rinse having the backing of CAA Ventures and Arena Ventures. Washio shut down in August.