TPG leads $80 mn investment in Zenoti as part of Series D round

Funding Rounds

▤ Summary

Bellevue, Washington based Soham which provides cloud-based solutions for beauty, wellness and fitness businesses under the brand name Zenoti has raised an additional $80 million (Rs 583 crore per current exchange rates) as part of its Series D funding round. The additional investment was led by global private equity firm TPG and valued Zenoti at $1.5 billion, the company said in a statement. “We are privileged to have the trust, confidence and support of TPG as we continue our growth journey,” Zenoti founder and CEO Sudheer Koneru said. “Zenoti remains committed to helping beauty, wellness, and fitness businesses reach their full potential and set the standard for the customer experience,” he added. The company recorded 100% year-on-year growth in 2020 and works with global brands including European Wax Centre, Toni & Guy, Rush Hair & Beauty, among others.

$ Funding

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Amount $80.0M Total raised
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Date June 7, 2021 Announcement date
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Investors - Lead investors
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Company http://www.zenoti.com Funded company

▥ Classifications

industries
Retail
applications
AI & Machine learning

◇ AskAI Classifications

Labels
SaaS Business Management Software Salon & Spa Software

▦ Linked Companies

Zenoti
$100M to $250M