Salon Beauty Tech Platform Raising Funds In Ahmedabad
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About Business
It is India's first integrated software platform for salon owners. The SaaS platform helps salons manage A-Z of their operations and provides customers with a mobile app to help salons greatly simplify operations at their store. The software platform for the salons offers features such as real-time customer linkage, CRM & analytics dashboards, stylist calendar management & reporting, order tracking, inventory management and a lot more features. The customer mobile app allows you to find & sort, explore, book and pay for their appointments at the nearest salon as per your convenience.
Clientele type
The platform caters to salons pan India. It also provides a mobile app that can be used by every Indian resident.
Premises
Office premises are owned by another group company.
Asking Price Includes
The terms of the transaction will be discussed with potential investors.
Asking Price
INR 2.50 Cr
Minimum ticket size
INR 50.00 L
Reason
They have a working product in the market with paying customers. They are raising a seed fund to expand the team and scale up operations.
More Details
The founding team has 50+ years of management and startup experience, has previously co-founded 3 startups & scaled 2 of them to $15M ARR with 25+ years of go-to-market strategy experience.
It's platform is currently rolled out in multiple cities across Gujarat and a few pockets in Delhi NCR and Uttar Pradesh. They currently have 2,200 salons and 78,000+ customers already onboarded onto the platform. In the coming financial years, their plan is to scale this product to multiple neighbouring states and cities and achieve an onboarded mass of 30,000 salons and 10L customers in 18 months. Their goal is to capture a large chunk of the ~30 Lakh salons & parlours in India.
In terms of their rollout plans, they aim to acquire salons through strong offline and online channels with additional focus on Tier 2 & Tier 3 cities. They currently charge a convenience fee of 2.5% to the center owner on every online transaction as well as an annual SaaS subscription. The pricing for the standard/premium subscription plans comes in at Rs 8,000/year and Rs. 15,000/year respectively. They aim to add more revenue sources in coming months as the platform scales.
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₹10 to ₹200 Cr
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