Glamplus Raises INR 2 Cr In Pre-Series A Round Led By Inflection Point Ventures
Summary
Salon-focused SaaS platform Glamplus announced on Monday to have raised INR 2 crore in a pre-Series A funding round led by Inflection Point Ventures. Few of the other investors in this round are Anil G. (Bounce) Sachin Khandelwal (Sadhan Enterprise), Sravan Kumar (Transin), Abhishek Daiya (Byjus), and Anudeep Nagalia (Shadowfax). Glamplus has identified this opportunity and it has the potential to help salons and gyms to move from an informal to a formal economy and grow their business in the process,” said Mitesh Shah, co-founder, Inflection Point Venture. Glamplus aims to digitize the informal economy of salons, gyms, and spas through an asset-light model and vertical integration like beauty products, hiring, and easy loans. Glamplus aims to tap 30 per cent of this market potential in the next 2-3 years with higher engagement offerings and enhanced tech product capabilities.