Glamplus, a Bengaluru-based software-as-a-service (SaaS) enabled marketplace, has raised $700,000 (Rs 5.17 crore) in a new funding round to scale its B2B business partners to 10,000 and reach Rs 5 crore in monthly revenue by March 2022.
The new pre-Series A round was led by Blume Ventures, Ramakant Sharma (COO- Livspace), and Inflection Point Ventures (IPV). Glamplus assists and empowers large, medium, and small salons and spas to adopt technology and grow their businesses digitally.
Founded in July 2020 by Vatsalya Agarwal, Divyanshu Singh, and Rohan Singh, the startup has developed a one-stop platform-salon CRM for managing customers, ERP for managing staff, and enabled B2B marketplace compounded on the SAAS platform, allowing to run any type of promotional offers/communication with D2C audience.
In a broader sense, Glamplus’ AI-powered CRM platform allows salon/spa owners to manage their operations and services from start to finish via an online web portal or an Android mobile app. According to the startup, this has helped them improve the overall salon experience for their customers and staff.
Aside from that, the platform allows the salon owner to premiumize their offering to the end customer through B2B2C interaction, and it also integrates scheduling appointments, generating digital invoices, offering promotional offers via Bulk SMS/Whatsapp, and customer loyalty schemes.
According to the company, the salon owner can track the efficiency of the stylists, monitor revenue generation on a daily, weekly, and monthly basis, and manage inventory of the salon’s products and services.
According to Glamplus, the raised capital will be utilized in vertical tech SaaS capabilities along with the expansion of its B2B marketplace business. ” New Funds will be utilized in enhancing tech capabilities, going deep in the marketplace segment, and driving growth along with efficiency. Our solution will create a complete digital ecosystem for salons and spas and help transform their lives,” Divyanshu Singh, Co-Founder & CEO, Glamplus said.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
