binarypublishTLDR:
– SaaS enabled B2B Beauty Marketplace Glamplus has raised approximately 16.5cr in a pre-series A round
– The funds will be directed towards B2B expansion in Tier I & Tier II cities and to venture into international markets.
Glamplus, a SaaS enabled B2B Beauty Marketplace, has raised approximately 16.5cr in a pre-series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Ventures. The round also saw participation from Kube VC and other investors. The funds will be used for B2B expansion in Tier I & Tier II cities and to venture into international markets. Glamplus is a B2B marketplace that assists salons, spas, and beauty chains in adopting technology for more efficient day-to-day operations. The Company offers a SaaS platform that provides solutions to optimize efficiency and productivity. Glamplus also supplies beauty products, professionals, and personal care to spas and beauty stores. The company plans to achieve profitability by Q1 2024 by creating an impact and reaching small businesses. Glamplus currently operates in Karnataka, Chhattisgarh, and Odisha, and recently launched a centralized warehouse to facilitate faster order processing and delivery.
