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Funding

SaaS startup Glamplus raises $700k in pre-Series A round from BlumeVentures, others.

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SaaS-enabled marketplace startup Glamplus raises $700k in a Pre-Series A round from Blume Ventures, Ramakant Sharma (COO- Livspace), and participation from existing investors IPV. The funds raised will be utilized in vertical tech SAAS capabilities and the expansion of the B2B marketplace business to scale to 10,000 partners and monthly revenues of Rs 5 crore/month by March 2022.


Glamplus is a SaaS-enabled curated B2B marketplace that helps and enables large medium and small salons/spas to adopt technology and grow their businesses digitally. Glamplus has created a one-stop platform -salon CRM for managing customers, ERP for caring staff, and enabled B2B marketplace compounded on SAAS platform parallelly allowing to run any promotional offers/communication with D2C audience.

Anirvan Chowdhury (Vice President, Investments – Blume Ventures) said, “We have a strong thesis on vertical SAAS-enabled marketplaces and believe that Glamplus has done a stellar job at solving a lot of friction in the workflow for salons/spas through their SaaS solution, which has enabled them to drive marketplace revenue at a rapid pace.”

How it works

Glamplus has an AI-based CRM platform, enabling salon/spa owners to manage their operations and services end to end through an online web or android mobile app. This has helped them improve the overall salon experience for their customers and staff, it said in a press statement.

The platform also allows premium the salon owner’s offering via B2B2C interaction to the end customer. Also, it integrates scheduling appointments, generating digital invoices, offer promotional offers through Bulk SMS/Whatsapp & loyalty schemes for customers. The salon owner can track the efficiency of the stylists, monitor revenue generation on a daily, weekly, and monthly basis, inventory management of products and services offered by the salon.

Upsurge in beauty, wellness services

Mitesh Shah, Co-Founder, Inflection Point Ventures, says, “With the rise in disposable income and more women joining the workforce in tier 1 cities, beauty and wellness services have witnessed an upsurge. People are now more conscious about their appearance and are willing to spend. To cater to this rising need more efficiently, Glamplus has created an end-to-end B2B2C solution for salons, spas, and gyms, which will help them to run their operations smoothly. Since January 2021, the company has successfully tied up with 4000 partners and plans to grow faster in the coming year. The fast-paced growth trajectory clearly shows the need for this solution in the emerging market, and IPV looks forward to extending their support in their journey.”

Divyanshu Singh, Co-Founder & CEO, Glamplus, says, “Salon/Spa beauty industry is highly fragmented despite the presence of more than million-plus salons in the country. We were determined and destined to solve for this highly underserved SMB market, and creating a moat around it by going vertically deep, has also been recognized by our marquee investors. The new funds will enhance tech capabilities, go deep in the marketplace segment, and drive growth and efficiency. Our solution will create a complete digital ecosystem for salons and spas and help transform their lives.”

According to the Indian Beauty & Hygiene Association (IBHA), India’s beauty and wellness market are expected to reach Rs 2,463.49 billion by 2024, expanding at a compound annual growth rate (CAGR) of 18.40 percent during the 2019-2024 period. India caters to more than 1 million registered with 30 percent over and above unregistered. Glamplus aims to move the $200 billion SMB-dominated offline economies to a healthy data-driven engagement platform followed by a curated beauty order marketplace on the SAAS platform.

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About author
Prateek writes about everything in SaaS. When not chasing trends and scoops he likes to travel, and binge on Netflix. Prateek is currently earning his Sales Experience at FindFirms.in as a founder and has generated millions of dollars in revenue with his refined sales skills. Got a scoop? Send it to [email protected]
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