Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
acquisition 2015-11-05

Bengaluru-based start-up Gomalon takes over Bookmyspa in an equity deal of Rs 12 cr

Post acquisition deal, the Bookmyspa website that gets about 40 appointments a day, will continue to exist and take bookings for the next six months.

Bengaluru-based start-up Gomalon takes over Bookmyspa in an equity deal of Rs 12 cr

Bengaluru-based Gomalon is a wellness start-up listing services, has acquired two-year old salon and spa booking portal Bookmyspa for Rs 12 Crore in an equity deal.

The six month start-up has elaborate plans to use assets of Bookmyspa and its user base to perk up consumer experiences in wellness industry.

Former head of marketing at Myntra, Sanjay Ramakrishnan is the director and Sudarsan Rao, founder of venture-advisory firm Iyara Ventures is the advisor at Gomalon.

"We wanted to scale further and needed a strong board guiding us on it. With Gomalon, it all fell in place,” said Sriharsha BK, who founded Bookmyspa, which operates in Bengaluru and Hyderabad.”

With this, Gomalon now has the strength of over 2,000 vendors listed on the platform and an experienced team that understands the space very well," said Sriharsha, the new head of Product Management at Gomalon, who was joined by his core-team at Bookmyspa.

The bookmyspa website, which gets about 40 appointments a day, will continue to exist and take bookings for the next six months.

Kumar of Gomalon estimates that the wellness industry in India is worth about $100,000 and is growing at 20 per cent annually.

Comment
image
image
image
image
Related opportunities
  • Fine Dine Restaurants
    About Us: Karim’s, a division of Karim’s Hotels Private Limited, is..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: PIND BALLUCHI is known across the country for its..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater del Delhi
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • The journey of Scottish Early Years began in 2016, envisioned..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts