Transforming Beauty Tech – Glamplus’ Ambitious Expansion Plans Unveiled
In a significant stride towards transforming the beauty and wellness industry, Glamplus, a SaaS-enabled B2B beauty marketplace, has recently secured a substantial funding of INR 16.5 Cr (almost $2 Mn) in a pre-Series A funding round. The funding was led by prominent investors including Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, Inflection Point Ventures, Kube VC, Gopal Krishna Varshney, and IR Capital Partners.
Founded in 2020 by the visionary entrepreneur Divyanshu Singh, Glamplus has been making waves in the beauty industry by providing comprehensive technological solutions for small, medium, and large salons, spas, and retail beauty chains. The startup’s primary focus is on streamlining and enhancing daily operations through the adoption of cutting-edge technology.
Currently operational in Karnataka, Chhattisgarh, and Odisha, Glamplus has been successfully catering to a diverse range of clients, from salons to small and medium-sized beauty stores. The recent injection of funds is poised to catapult the startup into its next phase of growth, with strategic expansion plans in tier I and II cities in India and venturing into untapped global markets.
The infusion of capital will play a pivotal role in Glamplus’s mission to empower beauty businesses with advanced technology. The startup aims to revolutionize the way salons and beauty stores operate by providing them with a seamless and efficient platform for managing their day-to-day activities.
Divyanshu Singh, the driving force behind Glamplus, expressed his excitement about the funding round, stating, “This funding is a testament to the confidence our investors have in our vision. We are committed to leveraging this capital infusion to accelerate our expansion plans, strengthen our technological capabilities, and make a mark in the global beauty and wellness market.”
The beauty and wellness industry has witnessed a paradigm shift in recent years, with an increasing emphasis on leveraging technology for operational efficiency. Glamplus’s innovative approach towards digitizing B2B transactions in the beauty sector aligns perfectly with this trend, making it a noteworthy player in the market.
As Glamplus gears up for its next chapter of growth, eyes are set on the startup’s trajectory in the competitive beauty tech landscape. The infusion of fresh capital not only validates the startup’s potential but also positions it as a frontrunner in the ever-evolving beauty and wellness industry. As Glamplus scales its B2B beauty marketplace, it is poised to redefine the standards of efficiency and convenience for salons, spas, and beauty retailers globally.