Shedul.com, a free booking platform for salons and spas has raised $6 million in Series-A round of funding. The funding was received by Dubai and Silicon Valley investors. The company claims itself to be the world’s fastest-growing software for salons and spas.
On the investment, Chris Rogers, Partner at Lumia Capital explained:
Shedul.com has made best-in-class software accessible to the massive beauty industry, which still largely operates offline. We are extremely impressed with the company’s growth trajectory and are delighted to invest in the team
Commenting on the company’s potential, Walid Mansour, Managing Partner at MEVP, said:
Shedul.com is a truly global success story, the growth they achieved in two years is remarkable. We’re thrilled to have led the Series A round
Launched in 2015, the platform streamlines small and medium-sized business operations with intuitive, free-to-use software. The platform takes the hassle out of running a business by managing appointment bookings, point-of-sale, customer records, human resources, inventory, and financial reporting.
Co-founder and CEO William Zeqiri said he’s excited by the growth, but not
surprised. On the investment, he said:
Good free software spreads quickly. We’re solving a critical pain point for small businesses by redefining how they engage with customers through technology
Further adding to that, Nick Miller, COO, Shedul, said that the salons gain efficiency by using the platform which further leads to greater customer retention and frequency. He further said:
We have merchants who have over 80% of their bookings made online by customers. The convenience factor increases customer engagement and directly results in more revenue to the merchant
In under two years, the company claims to have signed up a user base of over 40,000 merchants in more than 120 countries. Most of them have learned about the platform by word of mouth. The company says that over half of the users using the platform are in the United States, followed by the United Kingdom, Canada, and Australia.
The company claims to have millions of bookings on the platform each month. It also says that the company is growing at an average rate of 35% month-on-month. If the platform goes in the same way then by the end of 2017, the platform will process over $1 billion worth of appointment bookings.
The company says that the merchants who make the switch to the platform usually comment about its easy setup and intuitive interface. Along with that the customers also comments on its personable customer support. On the company’s social media pages and software-reviewing sites, users positively comment about the time-saving benefits of the platform and, most of all, the fact that it’s completely free.
The company is planning to use the raised funds to scale their operations and expand product development.