Hotline: 1800 102 2007
X
Search Business Opportunities
funding 2015-11-13

Mumbai-based beauty & Wellness start-up BigStylist raises $1mn from Info Edge

Run successfully by a team of 25 people, BigStylist is a beauty and wellness services marketplace which has around 200 beauticians in its network.

Mumbai-based beauty and wellness services marketplace, BigStylist.com, has recently raised $1 Million in pre-Series A round of funding from Info Edge.

Founded by IIT Kharagpur graduates, Richa Singh, Chinmaya Sharma and Anurag Srivastava, the marketplace enables customers to place orders and get access to experienced stylists and beauticians.

“Initially, we push the utilitarian services to our customers as it is easier to initiate a trial there. Once the customer has experienced us for the basic services, we find it easier to upgrade them to value-added services as well as convert them towards repeat customers,” informed Sharma. 

While, Singh added, “Just beauty and wellness service is a $5 billion industry in India, growing at 20 per cent year-on-year. Because of the traditional model that requires physical presence; single brands have not been able to scale very fast. A technology platform like ours has more efficient cost-structure and is better positioned to grow rapidly.”

The currently team strength comprises of 25 people and has about 200 beauticians in its network.

Significantly, the wellness services marketplace has made adequate headlines in the recent past with Gomalon acquired Bookmyspa for Rs12 Crore, and in the month of August this year, Bengaluru-based Vyomo had raised $2 million in Pre-series A round from Rocket Internet. Likewise, The Home Salon on-demand beauty and wellness service provider had raised a seed investment from VentureNursery’s members during the same month.

This significant shift in preferences of investors towards wellness start-ups, specially service providers or aggregator model has opened door for much potent area of investment.

Comment
Related opportunities
  • Express Food Joints / Drive Through
    Have you ever dreamt of owning a food franchise opportunity? Grab..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • E-Commerce & Related
    About Us: Incepted in 1955 by Shri. Madhavrao Ashtekar, who hailed..
    Locations looking for expansion Delhi
    Establishment year 1955
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Cosmetics & Beauty Product Stores
    Gulnare Skincare offers skin care solutions for the socially conscious...
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 270
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Pizzeria
    Own the American Dream In India with U.S.Pizza! About Us: Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
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