2ULaundry, a laundry and dry cleaning startup, is acquiring rival The Folde — and the combined entity is positioned for more M&A, CEO Alex Smereczniak tells Axios.
Why it matters: The laundry and dry cleaning market took home $10.8 billion in the U.S. in 2021 and is projected to grow by 4.5% from 2022 through 2030, according to Grand View Research.
