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Investment 2014-10-09

IAN’s first investment in wellness space through Tattva Spa

The funding will be primarily used to expand Tattva Spa’s network and in the development of the regional teams in tier II and III cities.

Indian Angel Network (IAN) today announced an undisclosed investment in Tattva Spa; a Delhi based Spa chain with a pan-India network. This round of investment was led by the IAN investor member Tushar Singh, who will also join the board of the company.

 

Founded by Aditya Kaushal, Anita Kaushal, Karan Goyal and Shipra Sharma, Tattva Spa has partnered with leading hospitality players to evolve a superior wellness (spa) product and manages it end-to-end to provide professional, seamless and superior guest experiences. With customized offerings and robust processes, Tattva is poised to be one stop solution to the wellness (spa) needs of leisure and business hotels across mid-scale, luxury, heritage, upscale and contemporary hotels categories.

 

The funding will be primarily used to expand Tattva Spa’s network and in the development of the regional teams in tier II and III cities. Tattva Spa will also look to significantly strengthen its technological capabilities to further build up processes for enhanced consumer experience and faster scale-up.

 

“When individuals adopt wellness as a way of life, they are healthier, achieve more out of their lives and this is more relevant in the high stress environments of today’s lifestyles when most of us are spending more time at work, and have increasingly less time to look after our health. Tattva Spa is focused on increasing awareness about wellness services and their benefits among Indian consumers as well as delivering high standards of wellness services.” said Shipra Sharma, Co-founder, Tattva Spa. “Tattva team is excited about the mentorship from Indian Angel Network that comes with this investment. We are confident that this partnership will enable Tattva to strengthen its processes and scale up fast in the fast growing healthcare and wellness industry.”

 

Commenting on IAN’s decision to invest in Tattva Spa, Tushar Singh said, “IAN’s philosophy has always been to invest in scalable businesses run by dedicated and passionate entrepreneurs. Tattva represents an excellent opportunity to be part of a lean, service driven business that is focused on a growing industry of health and wellness. The team seems to have understood the services business model very well and we hope to work with them in creating a well-established wellness brand”.

 

Padmaja Ruparel, President, IAN stated “India is one of the fastest-growing modern spa and wellness markets in the world and a thought-leader in the emerging travel category of wellness tourism, an industry which has explosive growth potential. Tattva Spa is an early mover in this direction. IAN investment in the venture is based on the facts that Tattva Spa team has a clear vision, deep domain expertise and high focus on execution to create a high value company. ”

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