Inflection Point Ventures backs Glamplus and 25 more India deal updates ResearchPremium
Salon-focused SaaS platform Glamplus has raised about $273,972 (Rs 2 crore) in a pre-Series A funding round led by Inflection Point Ventures, it announced on Monday.
Other investors who participated in the round included 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).
Funds raised will be used for enhancement of product and tech capabilities and business expansion, the startup said in a statement.
Launched in 2020, Glamplus offers an experience-based CRM solution for repeat engagement. With this platform, the salons (and other partners like gyms and spas) can manage their customers’ appointment, staff management and their suppliers through a dashboard.
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.
Salon-focused SaaS platform Glamplus has raised Rs 2 crore in a pre-series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms in India. Other investors who participated in this round are Bounce co-Founder and COO Anil G, Sadhan Enterprise MD & CEO Sachin Khandelwal, Transin CEO Sravan Kumar, Byju’s AVP Abhishek Daiya and Shadowfax VP Anudeep Nagalia. The fund will be used for enhancement of product and technology capabilities, and business expansion by the startup. Founded last year, Glamplus offers an experience-based CRM solution for repeat engagement to salons, gyms and spas to manage their customers’ appointments, staff management and suppliers through a simple dashboard. The platform also helps them with analytical reports to understand the needs of the customers, their visits patterns and other insights which can help businesses to elevate the customer experience.
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.