Beauty & Wellness

Jean Claude Biguine Salons India Raises Rs 40 Cr

TFW Bureau
TFW Bureau Jun 12, 2024 - 1 min read
Jean Claude Biguine Salons India Raises Rs 40 Cr image
Investment raised from BlackSoil for strategic expansion

JCB (Jean Claude Biguine) Salons India has raised Rs 40 crore from BlackSoil. These funds will be used for strategic acquisition and business expansion within the retail sector. JCB Salons has used the funds to acquire Spalon, a local salon chain, to expand into South India. Additionally, the capital will be utilized for working capital and enhancing operational efficiencies.

JCB Salons is a global premium salon chain with locations in Mumbai, Pune, and Bangalore. Spalon is a well-established premium spa and salon brand with over 27 branches across Southern India. By combining JCB's international expertise with Spalon's domestic market knowledge and services, the merged entity aims to penetrate the growing markets in West and South India, offering comprehensive services to their customers.

Sneh Koticha Contractor, Founder of JCB Salons India said, "With increasing aspirations and purchasing power, we are optimistic about the spa and salon business growth in the coming years. Currently, with strongholds in West India, we are keen on integrating Spalon's established network and strong legacy into our portfolio to expand to South India, a region we are extremely excited about. We are thrilled to partner with BlackSoil and use their expertise to deliver high business output and growth."

Ankur Bansal, Co-Founder and Director of BlackSoil commented, "The beauty and grooming sector is the next billion-dollar global opportunity in India. JCB Salons is building a robust model for India's new-age beauty and wellness-conscious crowd, and the acquisition of Spalon amplifies its business prospects. We are excited to have partnered with JCB Salons in their ambitious pursuit."





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