Yesmadam Bags Rs 1.5 cr Funding from Shark Tank India

Feb 19, 2024•almost 2 years ago

Amount Raised

₹15 Million

Round Type

pre-seed

NoidaInformation Technology

Investors

Ritesh Agarwal, Founder And Group Ceo, OyoPeyush Bansal, Co Founder And Ceo, LenskartVineeta Singh, Ceo, Sugar CosmeticsAman Gupta, Co Founder And Cmo, Bo At

Description

Yesmadam has successfully secured Rs 1.5 crore in funding from investors featured on Shark Tank India (Season 3), resulting in a 2 percent equity stake and a 1x royalty agreement. The funds will catalyze Yesmadam's ambitious expansion plans, enabling deeper penetration into the retail beauty landscape across India.

Company Information

Company

Yesmadam

Location

Noida, Uttar Pradesh, India

About

YES MADAM is India's Most Affordable Home Salon and a tech-enabled platform for beauty and wellness that brings salon and spa services to customers' homes. With over 1 million+ customer, 2000+ beauty professionals, and a presence across 35+ cities of India, we strive to be the one-stop-Salon and Spa for a consumer. Starting our journey in 2017, we embarked on a mission to serve & save one billion individuals against overpricing and duplicate product refills across various online & offline beauty platforms. We significantly impacted the beauty and salon industry with our mono-dosages and unique pricing model that starts at Rs. 6 per minute

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends