SaaS startup Glamplus raised Rs 16.5 Cr Pre-Series A funding from IPV, others
Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Ventures have contributed Rs 16.5 crore to Glamplus, a SaaS-enabled B2B beauty marketplace. Kube VC and other notable investors, such as Gopal Krishna Varshney and IR Capital Partners, also took part in the round.
Glamplus states that the money will go toward international market expansion as well as business-to-business growth in tier I and tier II cities.
Under the direction of Rohan Singh, Glamplus helps small, medium, and large salons, spas, and retail beauty chains implement technology to improve the efficiency of their daily operations.
With the purpose of optimizing their customers’ productivity and efficiency, the company has developed a SaaS platform that provides cutting-edge solutions. Additionally, it supplies chain spas with professionals, personal care, and beauty products both offline and online.
The company made a shift to focus on the digital B2B beauty market, where it now lists over 2,000 SKUs and sees an annual growth of 12%. Glamplus claims to have over 9,500 beauty clientele and over 6 lakh B2C users among its user base. In the next six months, it hopes to serve 1,000 B2B beauty clients, ranging from small parlors to luxury salons.
In order to expedite order processing, inventory management, and fulfillment, reduce shipping times and expenses, and guarantee prompt customer delivery, the platform recently established a central warehouse.
