Beauty Marketplace Stayglad Raises Angel Funding

Stayglad

Shown Above: Stayglad team

Mobile marketplace for beauty services, Stayglad, has raised angel funding from a group of investors including Tracxn Labs and Sahil Barua (Co-founder Delhivery).

Stayglad is a platform that enables customers to get beauty, styling and ‘get ready’ services at their doorstep, thereby avoiding challenges like traffic, weather conditions or finding parking space. The startup can help customers find verified, trained, experienced and certified beauty service professionals who will use best products and standardized procedures.

It aims to start 20 minute appointments where one can get ready for an occasion by booking an appointment with a beautician and ordering a particular style and make-up look they like. Customers will be able to select a particular look and the professional will drape the sari or do up a hair style and apply makeup as per skin tone and occasion in just 30 mins.

Stayglad was founded just over a month ago by alumni of IIT Kharagpur – Prateek Jain, Shashank Gupta and Kavish Desai who have considerable experience with working with companies like Adobe, Amazon, Urban Touch, Heinz India and Flipkart.

Sahil Barua, angel investor and Co-founder Delhivery, said, “India’s beauty services industry is set to grow over 5X by 2020. The biggest advantage of an on-demand beauty services marketplace model like Stayglad is that the business leverages technology to bypass the overhead of running a brick and mortar storefront, and reaches out to a much wider audience in comparison to a salon whose reach is limited to its geography.”

Stayglad is currently offering beauty services in Bangalore and plans to expand soon. Also, it will be launching an app shortly.

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In April, Dubai-based mobile marketplace for beauty and wellness segment, Vyomo secured funding from Yuvraj Singh’s investment company YouWeCan Ventures. And in January, Mumbai-based beauty and skincare e-retailer, Purplle.com raised an undisclosed amount of funding from IvyCap Ventures. In June last year, Mumbai based e-commerce portal that deals with wellness and beauty products, Nykaa, had raised an undisclosed amount to set up its first offline retail stores at Terminal 3 of New Delhi’s airport.

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