Laundrapp, “Uber of Laundry” Collapses

"Laundrapp was founded in 2014 to provide an on-demand laundry and dry cleaning service. The business initially operated in London, Edinburgh and Birmingham before expanding elsewhere in the UK. More than £15m was pumped into the company during successive funding rounds but it ran into cash flow difficulties and was forced into administration after its investors declined to put up more capital."