Announcement under Regulation 30 (LODR)- Press Release
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Le Lavoir Ltd, India's only publicly listed laundromat company, has launched its first in-hotel laundry unit at Fairfield by Marriott, Mumbai International Airport, in partnership with Associated Hospitality Private Limited (AHPL). The unit is designed to offer faster turnaround times, better quality control, and eco-friendly operations for hotel guests. The company recently raised Rs 100 crore through a successful fund-raising round and plans to expand operations to Delhi NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune, Goa, Ahmedabad, Jaipur, and Surat over the next two years. Le Lavoir currently provides outsourced laundry and dry-cleaning services to hotels and operates a flagship facility in Chandivali, Mumbai. The company has built partnerships with several leading luxury hotel brands in India.
This represents a new business vertical (in-hotel laundry units) and signals aggressive expansion backed by fresh capital, which could drive future revenue growth. However, no specific financial guidance or order value has been disclosed, so the near-term stock impact may be limited.