Le Lavoir has entered into strategic Memorandum of Understanding (MoU) with Tech Riser, to acquire 51% stake in the company. The Tech Riser shall engage in developing digital platform that enable Le Lavoir to develop the Retail Laundry Business across India. Its solutions cover order booking, tracking payments, and backend operations, helping retail Laundry Business transition to digital retail model. After this acquisition Le Lavoir will issue its own shares to the Promoter of Tech Riser through Swap of Shares.
This collaboration opens up new market opportunities, allows the company to leverage Tech Riser’s proven expertise, and enables the creation of synergies that will drive growth and long-term value. By diversifying its business portfolio, it aims to strengthen its position in this fast-evolving sector and extend its reach to a broader customer base through a robust digital platform.
Le Lavoir (earlier Radhey Trade Holding) is into the business of Laundry Services catering to institutions such as Hotels.
