Investments, News

Yet Another Beauty and Wellness Startup Bags Funding

Hyderabad-based beauty and wellness app, Zapluk, has raised an angel funding from a group of angel investors including former MD of Apple India. The financial details of the deal have not been revealed.

KPMG Wellness Sector report projects that the size of India’s beauty and wellness market would nearly be around Rs 80,370 crore by 2017/18 from Rs 41,224 crore in 2012/13.

KPMG Wellness Sector report projects that the size of India’s beauty and wellness market would nearly be around Rs 80,370 crore by 2017/18 from Rs 41,224 crore in 2012/13.

The raised capital would be used to scale its operations, marketing efforts and grow the back-end team.

Zapluk was co-founded by Manan Maheshwari, Mahesh Teja Gogineni and Chakradhar Dandu. It is an on-demand beauty, wellness and fitness app that helps customers book their appointments for home at their preferred time. The startup offers services like grooming and spa at home.

As claimed by the company, it processes an average order size of Rs 1500 a day. Notably, the platform has reviews updated for various doorstep services so that customers can book an appointment on the basis of ratings and reviews.

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Of late, the beauty and wellness sector is abuzz with a lot of investment and acquisition activities. Last week, StayGlad raised series A funding of Bessemer Venture Partners and Anil Chopra former CEO Lakme Lever. Similarly, a few days back, BigStylist raised $1million from Info Edge. Furthermore, last month itself, wellness services marketplace Gomalon acquired Bookmyspa.

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