Inflection Point Ventures backs Glamplus and 25 more India deal updates

Inflection Point Ventures backs Glamplus and 25 more India deal updates

Salon-focused SaaS platform Glamplus has raised about $273,972 (Rs 2 crore) in a pre-Series A funding round led by Inflection Point Ventures, it announced on Monday.

Other investors who participated in the round included Anil G (co-founder & COO at Bounce), Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin), Abhishek Daiya (AVP at Byju’s) and Anudeep Nagalia (VP at Shadowfax).

Funds raised will be used for enhancement of product and tech capabilities and business expansion, the startup said in a statement.

Launched in 2020, Glamplus offers an experience-based CRM solution for repeat engagement. With this platform, the salons (and other partners like gyms and spas) can manage their customers’ appointment, staff management and their suppliers through a dashboard.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from May 17-24, 2021.