Glamplus, a Bengaluru, India-based SaaS-enabled B2B beauty marketplace, has raised INR 16.5 crore in a pre-Series A funding round.
SaaS Investors
The investment was led by Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Ventures, with participation from Kube VC and other investors.
Upsparks Capital is an early-stage venture fund focused on investing in technology startups and providing the needed support throughout their early growth.
Founded in 2017, Eagle10 Ventures is a venture capital firm based in Bangalore, India. The firm is focused on technology-driven startups.
ITI Growth Opportunities Fund is a Mumbai-based investment company that invests in early-stage businesses with the potential to create value and growth, globally.
Inflection Point Ventures is an early-stage angel investing platform that provides both monetary and non-monetary support to startups.
Glamplus Use of Funds
The company plans to utilize the funds for B2B expansion in tier I and tier II cities, as well as for international market ventures.
About Glamplus
Founded in 2020, Glamplus offers a SaaS solution for salons, spas, and beauty chains to optimize their operations efficiently. It also provides offline and online supply of beauty products, professionals, and personal care to chain spas. The company's platform offers managing staff attendance, customer appointments, revenue management, and digitizing informal economy gyms, salons, and spas.
Funding Details
Company: Rdv Design Technologies Pvt. Ltd.
Raised: INR 16.5 Cr
Round: Pre-Series A
Funding Month: January 2024
Lead Investors: Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Venture
Additional Investors: Kube VC
Company Website: https://glamplus.in/
Software Category: Salon Management Software
Source: https://entrackr.com/2024/01/saas-startup-glamplus-raises-rs-16-5-cr-in-pre-series-a-round/