Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
investment 2015-12-07

‘On-demand’ beauty services start-up Vanitee raises another US$2mil+

Singapore’s Vanitee, which describes itself as the ‘Airbnb of beauty and wellness services,’ said it has successfully raised S$3 million (US$2.13 million) from serial entrepreneur Ivan Lee and Japanese beauty portal @cosme.

‘On-demand’ beauty services start-up Vanitee raises another US$2mil+

Funds to be used for expansion into Malaysia by Q1 2016, boost manpower

Matches users to beauty services, allows beauty professionals to set up online presence

This follows an earlier $2million injection by South-East Asian beauty distributor Luxasia and angel investor Robert Yap, who runs logistics company YCH, it said in a statement.

Vanitee was founded in September 2014, according to CrunchBase, which gives slightly different numbers on its funding thus far, possibly due to currency fluctuations.

The Vanitee app allows users to connect with beauty professionals and book their services for anything from manicures, hair styling, facials and make-up to even brow-and-lash services.

It also has a set of tools for beauty professionals to grow their online business. “Vanitee uses technology to empower small beauty businesses, allowing beauticians to set up their own beauty business in under 10 minutes,” it said.

The company claims that as of November 2015, it has over 550 beauty professionals listed on its platform and 1,200 undergoing its vetting process.

All professionals listed on Vanitee must adhere to the company’s service guidelines and standards, as well as its satisfaction guarantee for all bookings made via the app, it said.

More than 4,700 consumers have booked a beauty service via the Vanitee app in the last six months, the company claimed. More than one-third makes three to five bookings a month for the various beauty services available on the platform.

With the increased capital, Vanitee will begin its expansion into the region next year, starting with Malaysia in the first quarter of 2016.

It will also use to new funds for strategic acquisitions and boosting its manpower, cofounder and chief executive officer Douglas Gan said.

Related opportunities
  • HR & Recruitment
    About Us: Jobjabs is the pioneer of organized recruitment services in..
    Locations looking for expansion Uttar pradesh
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 50 K - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Gyms and Fitness Centres
    About Us: UK's leading fitness chain now enters India to provide..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Opticians/Eye Wear
    About Us: Naytr is an eyewear brand offering a complete range..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
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