Zenoti Raises $15 million From Norwest VP & Accel
Zenoti a SaaS based startup which provides cloud-based software for spas and salons has raised Rs 100 crore ($15 million) led by Norwest Venture Partners along with existing backer Accel India. Zenoti had already received funding of Rs 38 crore from Accel last year.
The Seattle and Hyderabad-based company founded by serial entrepreneur Sudheer Koneru, now plans to aggressively expand operations in the United States and European markets.
Zenoti already earns about half its revenues from clients in the US including large chains like Massage Green and Massage Heights. In India it has clients like Kaya Skin, Enrich Salons, O2 Spas and Blush Clinics. It recently also got Naturals on board with all its 600 outlets throughout the country.
In the US market, Zenoti will compete with player...