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General Atlantic leads $100 million investment in Fresha

16Jun By AnkitaNo Comments

FUNDING

General Atlantic leads $100 million investment in Fresha

NEW YORK, June 16th, 2021-- Fresha, a top beauty and wellness software platform raises $100 million Series C investment led by General Atlantic, a leading global growth equity firm, with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, as well as Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, and Jonathan Green of Lugard Road Capital. Fresha's existing global investors Partech, Target Global and FJ Labs also participated in the round, bringing the company's total fundraising to $132 million to date. Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, deepen its marketplace bookings and pursue strategic M&A. Fresha allows con...

25Jan By NitishNo Comments

ACQUISITION

German Personal Care brand Creme 21 Acquired for Euro 11-12 million

A leading German personal care brand, Creme 21 was acquired by an Indian FMCG Emami for 11-12 million euro. This is the first international acquisition of this size in this segment by Indian FMCG Emami. We had acquired a small company earlier. The brand has been acquired at around 11-12 million euro of little less than 1.5 times of sales of 8 million euro," Emami director Harsha V Agarwal said. "This international acquisition will add to about 15 per cent of total overseas revenues and is in line with the companys strategy for growth through inorganic route," he said. Creme 21 will help to expand Emami's international business which is primarily dependent on personal care. In the personal care segment alone Emami total business accounts for 70 percent in India. Creme 21 has a...

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

13Sep By NitishNo Comments

ACQUISITION

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

Quikr, India’s No. 1 cross category classifieds business today announced the acquisition of StayGlad, a leading marketplace for beauty services. The strategic move will further strengthen the market leadership of its beauty service brand, AtHomeDiva, by enabling it to take on even more beauty services requests under its services vertical, QuikrServices. AtHomeDiva currently offers on-demand, in-home beauty services across six cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad. Talking about the acquisition, PD Sundar, Head of QuikrServices, said, “On-demand beauty is one of our fastest growing service categories. With well more than half of our consumers coming back to us with bigger ticket sizes, the demand is clearly very strong. As a service provider we want t...

Quikr Acquires on-Demand Beauty and Wellness Services ZapLuk

24Aug By NitishNo Comments

ACQUISITION

Quikr Acquires on-Demand Beauty and Wellness Services ZapLuk

Online classifieds firm Quikr today said it has acquired ZapLuk, provider of on-demand beauty and wellness services, to scale up its AtHomeDiva business. Under its services vertical, QuikrServices, Quikr will now offer a full range of on-demand home beauty services to consumers in multiple cities including Bengaluru, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad, the company said. This is Quikr's second acquisition in the beauty services segment following Salosa to cater to the fast growth of beauty services requests on QuikrServices, it said in a release here. P D Sundar, Head of QuikrServices, said, "ZapLuk's operational strengths, trained pool of stylists and professionals and highly engaged user base in the Chennai and Hyderabad markets will allow us to expand the reach of our A...