Vijen Patel
Vijen Patel is an American entrepreneur and venture capitalist, founding partner at The 81 Collection and co-founder of Pressbox, an on-demand laundry service acquired by Procter & Gamble and rebranded as Tide Cleaners.
Vijen Patel's Bio
Vijen Patel is an American entrepreneur and venture capitalist who founded The 81 Collection and co-founded Pressbox, the on-demand dry cleaning and laundry service acquired by Procter & Gamble in 2018 and rebranded as Tide Cleaners. Based in Chicago, Patel built Pressbox into a national brand that offered 24/7 pickup and delivery through a mobile app, transforming an industry often overlooked by technology innovators.
Patel's path to entrepreneurship began in private equity, where he spent several years evaluating businesses and investment opportunities. In 2013, he made the counterintuitive decision to leave the stability of finance to pursue what he later described as the "least-worst idea" - modernizing dry cleaning. He co-founded Pressbox with Drew McKenna, starting small and scaling through a combination of technology and operational excellence that ultimately caught Procter & Gamble's attention.
The acquisition by P&G represented a rare exit for a service business in the "boring" category. Patel served as CEO of Tide Cleaners, leading the integration and rebranding effort that brought Pressbox's on-demand model to a much wider audience through P&G's retail network. Following the transition, he became a founding partner at The 81 Collection, a venture firm focused on backing founders building lasting businesses in overlooked sectors - a mission informed by his own experience building in an industry most entrepreneurs ignore.
Beyond Pressbox, Patel has maintained involvement in sports as part-owner of One Knox SC, a USL League One soccer club based in Knoxville. His story has appeared in multiple podcasts and publications, often pointing out how some of the most successful companies emerge from industries that don't typically attract Silicon Valley attention.
Career Timeline
2007 — Started career at Goldman Sachs
Begin finance career
2008 — Graduated from University of Notre Dame
Earned B.A. in Finance and Mathematics
2008 — Joined McKinsey & Company
Business analyst
2011 — Associate at Friedman Fleischer & Lowe
Private equity role
2013 — Co-founded Pressbox
On-demand dry cleaning and laundry service
2018 — Pressbox acquired by Procter & Gamble
Acquired and integrated into Tide Cleaners
2018 — Became CEO of Tide Cleaners
Led integration and rebranding
2020 — Stepped down as Tide Cleaners CEO
Transitioned to advisory role
2021 — Founded The 81 Collection
Venture capital and growth equity firm
2022 — The 81 Collection closed $41M fund
Inaugural fund with Pritzker family backing
