On demand beauty services startup MyGlamm has raised USD 6 million (about Rs 40 crore) from global beauty giant- LOccitane International, US-based PE fund Tano Capital and Brand Capital.
“MyGlamm will be growing across India and also has global expansion plans with a rollout planned in eight more cities in the country along with a launch in the Middle East,” MyGlamm Founder Darpan Sanghvi said in a statement today.
The strategic support of LOccitane in MyGlamms growth will also be a big differentiator over the competition, he added.
Launched in 2015, MyGlamm offers beauty service at home, which includes basic grooming like waxing and threading to more elaborate requirements like bridal makeovers, mehendi, and spas. It is doing 600 services a day, the company said.
At present, the service is available in Mumbai and Pune.
The company said it intends to have a net profit by the end of this year. It is also investing in creating training academies and infrastructure, starting with Mumbai and Pune with an aim of pan India presence.
“MyGlamm academies will now be an important vertical within the company and will also be instrumental in creating a supply of beauticians and stylists which will be required for growth,” the company added.