Company Name : Stayglad
Funding Amount : Undisclosed
Investor(s) Bessemer Venture Partners Anil Chopra. .
Funding Round : Series A
On demand beauty services platform, Stayglad has announced an undisclosed amount of Series A funding from Bessemer Venture Partners and Anil Chopra – Former CEO Lakme Lever.
StayGlad had raised seed round of funding from Tracxn Labs and Sahil Barua in June 2015.
Founded by three IIT Kharagpur graduates, Kavish Desai, Shashank Gupta and Prateek Jain, StayGlad provides a premium salon experience for the customer at the convenience of their home.
Prateek Jain, CEO, Stayglad, said, “We are obsessed with providing a great experience to our customers. In a short period of time, we have been able to build a loyal customer base, which reflects in the 70% repeat orders every month. We have been growing 20% week on week, word of mouth and endorsement by our existing customers continue to be the biggest channel for consumer acquisition. We are very excited to have Anil on board as he brings invaluable experience of scaling a salon business from scratch.”