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MyGlamm raises $6M from multiple investors


On demand beauty services app MyGlamm has raised Series A funding worth $6 million from L’Occitane International, Tano Capital and Brand Capital (owned by the Times Group), reports VCCircle. MyGlamm will use the funds to expand to 8 more cities and in the Middle East. L’Occitane and Tano representatives will join the startup’s board.

Tano Capital had invested $10 million (Rs 62 crore) in Sanghvi Brands in 2014. The company is run by Sanghvi Technologies, and Sanghvi Brands, its sister company is L’Occitane Spa’s master franchisee in India and that of other salons and spas like Warren Tricomi and Elle Spa. MyGlamm was founded by Darpan Sanghvi in April 2015 and operates in Pune (35% of orders come from here) and Mumbai (65%). It claims to facilitate 600 services daily with the help of 1,800 beauty professionals.

Other developments in the online beauty space:

– In February, Dubai-based beauty and wellness startup Mazkara raised $1 million in seed funding to expand across Abu Dhabi, Delhi and Mumbai, and ramp up its product team.

– In January, Stylofie, a beauty and wellness startup acquired Hyve, a personal care app.

– In December 2015, home services marketplace Housejoy raised Rs $22.4 million in a series B round of funding led by Amazon.

– In the same month, Zapluk, a beauty, wellness and fitness startup, raised an undisclosed amount in funding from a group of angel investors.

– In October 2015, Nykaa, an online beauty products store, raised a little above $9 million (Rs 60 crore) in funding led by TVS Capital.

– In September 2015, on demand beauty services marketplace Belita raised $375,000 through LetsVenture and Lead Angels.

– In August 2015, MSM Box, a subscription based curated beauty box service, raised an undisclosed amount of seed funding from Rohit Goel.

– In the same month, Mumbai-based The Home Salon raised an undisclosed amount in seed funding from the startup accelerator VentureNursery.

– In June 2015, mobile marketplace for beauty services Stayglad raised an undisclosed amount of angel funding from a group of investors which include Tracxn Labs and Sahil Barua, cofounder of Delhivery.

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