{"id":12554,"date":"2022-01-11T03:10:00","date_gmt":"2022-01-11T03:10:00","guid":{"rendered":"https:\/\/ipventures.in\/?p=12554"},"modified":"2022-06-16T04:20:07","modified_gmt":"2022-06-16T04:20:07","slug":"ipv-funding-alert-glamplus-raises-700000-in-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/ipventures.in\/index.php\/ipv-funding-alert-glamplus-raises-700000-in-pre-series-a-round\/","title":{"rendered":"Glamplus Raises $700,000 In Pre-Series A Round"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color\"><time datetime=\"2022-01-11T03:10:00+05:30\">January 11, 2022<\/time><\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"ticss-2b0f8d15 has-black-color has-text-color has-normal-font-size\">Glamplus, a SaaS marketplace firm, has secured $700,000 in a pre-Series A round-headed by Blume Ventures, with participation from current investors&nbsp;<a target=\"_blank\" href=\"https:\/\/ipventures.in\/\" rel=\"noreferrer noopener\"><strong><span style=\"text-decoration: underline;\"><span style=\"color:#0074b9\" class=\"has-inline-color\">IPV<\/span><\/span><\/strong><\/a>&nbsp;and Ramakant Sharma (COO- Livspace). The money raised will be used to develop vertical tech SAAS capabilities and expand the B2B marketplace business to 10,000 partners and INR 5 crore in monthly revenue by March 2022.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote is-style-default\"><blockquote><p><strong><b><span style=\"color:#ff781f\" class=\"has-inline-color\">The funds will be utilized to scale tech capabilities along with expanding B2B marketplace<\/span><\/b><\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">We have a strong thesis on vertical SaaS-enabled marketplaces. We feel that Glamplus has done an outstanding job of removing a lot of friction from salon\/spa workflows through their SaaS solution, allowing them to grow marketplace revenue rapidly. When we first met the team, they only had a concept, but in the last year, they have built out a good product and have also been able to generate incredible growth while maintaining very high retention statistics in the six months since the launch! We are incredibly delighted to be part of this journey; 4000-plus salons with 25 lakhs monthly SaaS income and 3 crores monthly marketplace GMV in six months with a positive CM1 is no small feat. We are incredibly delighted to be part of this journey,\u201d said Anirvan Chowdhury, vice president of investments at Blume Ventures.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">Glamplus has developed an AI-based CRM platform that allows salon\/spa owners to manage their operations and services from start to finish using an online site or Android mobile app. This has aided them in improving their clients\u2019 and employees\u2019 overall salon experiences. Through B2B2C interactions with the end consumer, the technology allows salon owners to premium their offering. It also incorporates appointment scheduling, digital invoice generation, promotional offers via Bulk SMS\/Whatsapp, and customer loyalty programmes. According to a statement, the salon owner can check stylist efficiency, analyse revenue creation on a daily, weekly, and monthly basis, and control the salon&#8217;s inventory of products and services.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-normal-font-size\">\u201cBeauty and wellness services have expanded in tier-one cities as disposable income has increased and more women have entered the workforce. People are becoming more mindful about their looks and are willing to pay money to improve it. Glamplus has developed an end-to-end B2B2C solution for salons, spas, and gyms to help them manage their businesses more efficiently in order to meet this growing demand. The company has successfully partnered with 4,000 partners since January 2021 and aims to develop even quicker in the future year. The growing market\u2019s rapid expansion clearly demonstrates the need for this solution, and IPV looks forward to assisting them on their path\u201d. \u2013 said Mitesh Shah, co-founder of Inflection Point Ventures.<\/p>\n\n\n<p>[vc_row css=&#8221;.vc_custom_1641624024164{padding-top: 20px !important;}&#8221;][vc_column][vc_cta h2=&#8221;Looking to Invest in Similar Kind of Startups?&#8221; h4=&#8221;Join our 4-Week Membership Trial&#8221; add_button=&#8221;bottom&#8221; btn_title=&#8221;Join Us&#8221; btn_color=&#8221;sky&#8221; btn_align=&#8221;center&#8221; btn_link=&#8221;url:https%3A%2F%2Fipventures.in%2Fcontact%2F%23investor-contact|target:_blank&#8221;][\/vc_cta][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n<p class=\"has-black-color has-text-color\">Spending on beauty and wellness products and services has increased as people become more conscious of holistic wellbeing. <em><strong><span style=\"color:#0074b9\" class=\"has-inline-color\">The beauty and wellness market in India is predicted to reach INR 2,463.49 billion by 2024, according to the Indian Beauty and Hygiene Association (IBHA), with a compound annual growth rate (CAGR) of 18.40% between 2019 and 2024.<\/span><\/strong><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-wide\"\/>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">IPV  Funding News Covered On<\/h3>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.business-standard.com\/article\/companies\/glamplus-raises-700-000-in-pre-series-a-round-from-blume-ventures-others-122011101400_1.html\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"390\" height=\"48\" src=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/business-standard-logo-news-ipv.png\" alt=\"\" class=\"wp-image-12502\" srcset=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/business-standard-logo-news-ipv.png 390w, https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/business-standard-logo-news-ipv-300x37.png 300w\" sizes=\"auto, (max-width: 390px) 100vw, 390px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.entrepreneur.com\/article\/412488\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"218\" src=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrepreneur-news-logo-ipv.jpg\" alt=\"\" class=\"wp-image-12503\" srcset=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrepreneur-news-logo-ipv.jpg 576w, https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrepreneur-news-logo-ipv-300x114.jpg 300w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><\/a><\/figure><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/entrackr.com\/2022\/01\/saas-startup-glamplus-raises-700k-in-pre-series-a\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ipventures.in\/wp-content\/uploads\/2022\/05\/entrackr-1.png\" alt=\"\" class=\"wp-image-11911\" width=\"259\" height=\"38\" 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Raises $700,000 In Pre-Series A Round<\/title>\n<meta name=\"description\" content=\"A SaaS marketplace firm that provides marketplaces for lifestyle brands, Glamplus has secured $700,000 in a pre-Series A round headed by Blume Ventures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipventures.in\/index.php\/ipv-funding-alert-glamplus-raises-700000-in-pre-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glamplus Raises $700,000 In Pre-Series A Round\" \/>\n<meta property=\"og:description\" content=\"A SaaS marketplace firm that provides marketplaces for lifestyle brands, Glamplus has secured $700,000 in a pre-Series A round headed by Blume Ventures.\" \/>\n<meta property=\"og:url\" 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