Glamplus, a SaaS enabled B2B beauty marketplace, has raised Rs 16.5 crore in a pre-series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund and Inflection Point Ventures. The round also saw participation from Kube VC and other marquee investors including Gopal Krishna Varshney and IR capital partners.
According to Glamplus, the funds will be directed towards B2B expansion in tier I and tier II cities and to venture into international markets.
Led by Rohan Singh, Glamplus assists and allows small, medium and large salons, spas and retail beauty chains to adopt technology for running their day to day operations more efficiently.
The firm has built a SaaS platform that offers state-of-the-art solutions to optimize efficiency and productivity of their consumers. It also provides offline and online supply of beauty products, professionals and personal care to chain spas..
The brand pivoted into the digital B2B beauty marketplace and claims to have listed over 2,000 SKUs registering a 12% growth annually. According to Glamplus, it has built a user base of more than 9,500 beauty customer clients and over 6 lakhs B2C customers. It aims to cater to 1,000 B2B beauty clients spanning from luxury salons to small sized parlours in the next six months.
The platform recently launched a centralised warehouse to facilitate faster order processing, inventory management, and fulfilment, minimise shipping times and costs while ensuring quicker delivery to customers.