Startup Clutter has acquired the storage business of rival Omni, according to TechCrunch. This comes on the heels of the storage-on-demand company raising $200 million from SoftBank’s Vision Fund.
What they do: Clutter seeks to improve a customer’s experience of storing items. With a click of a button, its app coordinates the pick up, storage, and return of your possessions.
Heard on the Street: CEO Ari Mir on disrupting a $38 billion US market: “We’re consumer-facing, but we also are building a big backend, complete with trucks and warehouses, which requires lots of capital and being good at operations. It’s incredibly challenging.”