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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…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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