Glamplus will use the fresh funds to enhance its product and tech capabilities and expand its business. It will also use it to scale to 3,000 partners in the next six months, along with a vertical expansion of its business line.
May 24, 2021
Funding led by Inflection Point Ventures, an angel investment plan
Salon-focused SaaS platform Glamplus has raised ₹2 crore in a pre-Series A funding round led by Inflection Point Ventures, an angel investment platform.
The other investors in this round were Anil G (Co-Founder & COO at Bounce) Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin), Abhishek Daiya (AVP at Byju s) and Anudeep Nagalia (VP at Shadowfax). They had invested in their personal capacity, the company said in a statement.
Enhancement of product capabilities
Funds raised will be used for enhancement of product and tech capabilities and business expansion. The funds will also be utilised in scaling to 3,000 partners in the next 6 months along with vertical expansion of the business line, it added.
Glamplus raises around INR 2 crore Pre-Series-A funding round adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.