Glam Studios, India’s first brand of affordable salons that offers premium beauty services at pocket friendly prices along with predictable customer experience has secured ₹2 Crore in Angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others.
The round was organised by I Plan Wealth Management. The funds received will be deployed in expansion, operations and technology. Earlier this year, Glam Studios had received undisclosed amount of seed funding which was used to scale the brand up to 40 salons and create a cloud based salon management system.
Commenting on the occasion, Ms. Sadiya Naseem, Founder & CEO of Glam Studios, said, “Receiving funding from some of the most astute investors in the country vindicates our business strategy and boosts our confidence”.
Conceptualized in October 2015, Glam Studios was started by Sadiya Naseem, Darakhshan Husain, Feeroz Akhter and Ajay Bansal with the vision of making high quality and standardized beauty services affordable and available to the customers next door. The team together brings, 40 years of experience in the start-up and ecommerce domain.
Having serviced more than 6000 clients and sold 1000 yearly memberships in the first 6 months of operations, Glam Studios currently has 40 operational salons in Delhi/NCR and is running high on its spate of success. “We have received an incredibly encouraging response both from customers and salon owners and plan to have more than 500 salons on the tech backed platform by the end of this financial year”, further added Sadiya.
Salons which are as small as 500 sqft can sign-up at Glam Studios without any capital expenditure. The company brings about a two-fold standardization in the operational processes of Salons that signup – firstly infrastructural and aesthetic changes to the property to brand them as Glam Studios as well as train its staff, and secondly offering its CRM software to fully automate the operations and quality-of-services rendered.