SaaS platform Glamplus has raised Rs 2 crore in a pre-Series A round led by Inflection Point Ventures.
Other investors including Anil G (Co-Founder and COO, Bounce), Sachin Khandelwal (MD and CEO, Sadhan Enterprise), Sravan Kumar (CEO, Transin), Abhishek Daiya (AVP, Byju’s), and Anudeep Nagalia (VP, Shadowfax) have invested in their personal capacity, a press statement showed.
Glamplus plans to utilize the freshly raised funds to improve its product and tech capabilities and grow its business. It will also use it to expand to 3,000 partners in the following six months, along with a vertical expansion of its business line.
With the lack of a SaaS-based system for salons, customer management has been mostly offline. Established in 2020, Glamplus offers an experience-based CRM solution for repeat engagement.
With this platform, salons (and other partners like gyms and spas) can manage their customers’ appointments, staff management, and suppliers with a simple dashboard.
The platform also assists them with analytical reports to recognize the needs of the customers, their visit patterns, and other insights, which can assist businesses to elevate the customer experience.
Commenting on the latest development, Divyanshu Singh, Co-founder, Glamplus, said, “When we reached out to IPV, with such rich experience in beauty and wellness segment, they were convinced on the market upside potential and how this segment will evolve further with deep tech SaaS. IPV does not just identify the market sizing concerning the salon partner ecosystem but also sees an opportunity to uplift the skill sets of the semi-skilled economy.”
“In the last three months, we have seen traction of over 500 partners joining Glamplus platform, and higher platform adoption gives a belief to go deeper in Tier I and II cities also,” he added.
Speaking about the investment, Mitesh Shah, Co-founder, Inflection Point Venture, said, “Salons, spas, and gyms form one of the largest portions of our discretionary spending. However, salons run in a highly informal manner, which gives them little insights about their customers, their spending patterns, and the frequency of their visit. Glamplus has identified this opportunity, and it has the potential to help salons and gyms to move from informal to a formal economy and grow their business in the process.”
GlamPlus is transforming the customer management process for salons, gyms, etc. It is an innovative SaaS platform and seems to have huge growth prospects. My best wishes to the team of GlamPlus.Shishir Gupta, Founder and CEO, StartupLanes
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