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SaaS start-up Glamplus raises ₹16.5 crore in pre-Sequence A spherical

B2B-focused SaaS start-up Glamplus has raised ₹16.5 crore in pre-Sequence A spherical from Upsparks, Eagle10 Ventures, ITI Development Alternatives Fund and Inflection Level Ventures. The spherical additionally noticed participation from Kube VC and different marquee traders, together with Gopal Krishna Varshney and IR capital companions.

The funds shall be directed in direction of B2B growth in Tier I & Tier II cities and to enterprise into worldwide markets mentioned the corporate in its assertion.

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Glamplus assists and permits small, medium and enormous salons, spas and retail magnificence chains to undertake expertise for operating their day-to-day operations extra effectively.

“We’re on a path to profitability by Q1 2024 by creating an impression and reaching small enterprise like salon and sweetness shops the place they’ll avail greater fulfilment, quicker deliveries and higher pricing as a consequence of optimised provide chain with no middlemen. Our focus can also be on offering high quality, real skilled merchandise. We’re additionally optimising our product provide and supply expertise,” Rohan Singh, Chief Working Officer, Glamplus, mentioned.

The agency has constructed a SaaS platform that provides state-of-the-art options to optimise the effectivity and productiveness of its shoppers. It additionally supplies offline and on-line provide of magnificence merchandise, professionals and private care to chain spas.

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The model pivoted into the digital B2B magnificence market and claims to have listed over 2,000 SKUs registering a 12 per cent development yearly. In accordance with Glamplus, it has constructed a consumer base of greater than 9,500 magnificence buyer shoppers and over 6 lakhs B2C prospects. It goals to cater to 1,000 B2B magnificence shoppers spanning from luxurious salons to small sized parlours within the subsequent six months.

The platform just lately launched a centralised warehouse to facilitate quicker order processing, stock administration, and fulfilment, minimise delivery occasions and prices whereas guaranteeing faster supply to prospects.



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