Glamplus, a SaaS-enabled B2B Beauty Marketplace has raised approx 16.5cr 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.  

The funds will be directed towards B2B expansion in Tier I and Tier II cities and to venture into International markets, The company said in a release.  

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 its customer base.

The Company has built a SaaS platform that offers state-of-the-art solutions to optimize the efficiency and productivity of its consumers. Glamplus also provides offline and online supply of beauty products, professionals, and personal care to a chain of spas aiming for expansion and market entry into beauty product supply in beauty stores and supermarkets.  

Rohan Singh, chief operating officer, of Glamplus, says “We are on a path to profitability by Q1 24 by creating an impact and reaching small businesses like salon and beauty stores where they can avail higher fulfillment, faster deliveries, and better pricing due to optimized supply chain with no middlemen. Our focus is also on providing quality, genuine professional products.  We are also optimising our product supply and delivery experience.” 

Mitesh Shah, co-founder, of Inflection Point Ventures commented “What team size and cash on hand is needed to oversee business operations, manage inventory, handle customer relations, and maintain an online presence while balancing responsibilities as a small to medium-sized salon/spa owner? Recognising this challenge, 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."   

Mohit Gulati, managing general partner, of the ITI growth opportunities fund, says, “Being an early mover in the industry, Glamplus has helped automate salon workflow and minimise unorganised inventory procurement by providing better rates and quick delivery time. It currently hosts around 32 brands. The BPC market in India reached $26.3 billion in 2022 and is expected to reach $38.0 billion by 2028. The Glamplus team is well-versed in the salon space and has resiliently built the company’s business strategy from the ground up and is scaling operations successfully across cities. Glamplus is well-positioned to take on the B2B beauty market across India and the globe. 

The company is currently operational in Karnataka, Chhattisgarh, and Odisha catering to clients from salons to small and medium-sized beauty stores. The company recently launched a centralised warehouse to facilitate faster order processing, inventory management, and fulfillment, minimise shipping times and costs while ensuring quicker delivery to customers.  The company has also designed efficient tools for the optimisation of delivery, better logistics plan, and packaging development.