How Much Did Glamplus Raise? Funding & Key Investors

Glamplus has successfully raised funding over three rounds, with the latest being a Seed round involving 11 investors. The company is backed by 20 investors, including Eagle10 Ventures and Kube VC.

Keep reading to explore the intricacies of Glamplus's fundraising journey and the investors backing this innovative platform.

What Is Glamplus?

Glamplus is a SaaS-enabled beauty marketplace designed for salons and spas in the SMB segment. The company is based in Bengaluru, Karnataka, India, and operates within the CRM, Marketplace, SaaS, and Software industries.

Founded with the aim of integrating various services and tools, Glamplus helps salons and spas manage their operations more efficiently. The company employs between 11-50 people.

How Much Funding Has Glamplus Raised?

1. Amount Raised: INR 20,000,000 (approx. USD 270,000)
   • Date: May 2021
   • Lead Investors: Inflection Point Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance technology infrastructure.
2. Amount Raised: INR 51,700,000 (approx. USD 700,000)
   • Date: January 2022
   • Lead Investors: Blume Ventures, Ramakant Sharma
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and develop new products.
3. Amount Raised: INR 165,000,000 (approx. USD 2,000,000)
   • Date: January 2024
   • Lead Investors: Upsparks
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel international market expansion and B2B growth in tier I and tier II cities.

Total Amount Raised: USD 2,970,000. Current Valuation: Not publicly disclosed.

Key Investors

• Upsparks
  • Details: Upsparks is a venture capital firm that invests in early-stage startups. They focus on providing strategic support and capital to high-growth companies.
  • Investment Focus Areas: Early-stage startups, technology, innovation
  • Notable Investments: Not publicly disclosed
• Blume Ventures
  • Details: Blume Ventures is a leading venture capital firm in India, known for backing early-stage tech startups. They have a strong portfolio of companies across various sectors.
  • Investment Focus Areas: Technology, SaaS, consumer internet
  • Notable Investments: Unacademy, Dunzo, Purplle
• Ramakant Sharma
  • Details: Ramakant Sharma is a co-founder of Livspace and an active angel investor. He has invested in numerous startups, providing both capital and mentorship.
  • Investment Focus Areas: Real estate, technology, consumer services
  • Notable Investments: Livspace, Moglix, Khatabook
• Inflection Point Ventures
  • Details: Inflection Point Ventures (IPV) is a network of investors that provides funding to early-stage startups. They focus on companies with high growth potential and innovative solutions.
  • Investment Focus Areas: Early-stage startups, technology, innovation
  • Notable Investments: Not publicly disclosed
• Eagle10 Ventures
  • Details: Eagle10 Ventures is a venture capital firm that provides funding to innovative startups. They focus on companies with disruptive technologies and high growth potential.
  • Investment Focus Areas: Technology, innovation, disruptive startups
  • Notable Investments: Not publicly disclosed

What's Next for Glamplus?

Glamplus is poised for significant growth, with opportunities to expand into international markets and tier I and tier II cities. The company aims to serve 1,000 B2B beauty clients in the next six months, leveraging its SaaS platform to optimize efficiency and productivity for salons and spas. The beauty and personal care market in India alone is projected to reach $38 billion by 2028, offering a substantial growth avenue.

Future fundraising opportunities are likely as Glamplus continues to scale its operations and attract more investors interested in the growing SaaS and beauty tech markets. The company’s recent funding rounds indicate strong investor confidence, which could pave the way for additional capital to support further expansion and technological advancements.

However, Glamplus may face challenges such as competition from other SaaS platforms and beauty marketplaces, managing logistics and supply chain complexities, and ensuring customer satisfaction in a competitive market. Navigating regulatory and market entry barriers in international markets will also be crucial for sustained growth.

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