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 investors including Gopal Krishna Varshney and IR capital partners. The funds will be directed towards B2B expansion in tier I and tier II cities and to venture into International markets.
Glamplus is a B2B marketplace that assists and allows small, medium and large salons/ spas/ retail beauty chains to adopt technology for running their day-to-day operations more efficiently. Glamplus specialises in a spectrum of services tailored to meet the diverse needs of the customer base. The company has built a SaaS platform that offers solutions to optimise the efficiency and productivity of consumers. Glamplus also provides offline and online supply of beauty products, professionals and personal care to chains of spas aiming for expansion and market entry into beauty product supply in beauty stores, and supermarkets.
“We are on a path to profitability by Q1, 24 by creating an impact and reaching small businesses like salons and beauty stores where they can avail higher fulfilment, faster deliveries and better pricing due to an optimised supply chain with no middlemen. Our focus is also on providing quality, genuine professional products,” Rohan Singh, chief operating officer, Glamplus, said.
Glamplus is operational in Karnataka, Chhattisgarh and Odisha catering to clients from salons to small and medium-sized beauty stores. The company launched a centralised warehouse to facilitate faster order processing, inventory management, and fulfilment, minimising shipping times and costs while ensuring quicker delivery to customers. The company has also designed efficient tools for the optimisation of delivery, better logistics plans and packaging development.
“Glamplus offers a comprehensive solution by providing employee management, appointments, inventory, expenses, campaigns, and analysis services. In an industry saturated with businesses of varying classes, from high-end to low-end, Glamplus creatively addresses a critical need that has long gone unanswered,” Mitesh Shah, co-founder, Inflection Point Ventures, said.
Glamplus pivoted into the digital B2B beauty marketplace and has listed over 2000 SKUs registering a 12% growth annually. With over a 30-member lean team, Glamplus has built a user base of more than 9500 beauty customer clients and over six lakh B2C customers. It aims to cater to 1000 B2B beauty clients spanning from luxury salons to small-sized parlours in the next six months.