Be U Salons raises Rs 3 crore, to use funds on brand building, expansion

By

Maverick Martins

Published
Dec 19, 2018

Delhi based beauty firm Be U Salons has managed to raise Rs 3 crore from investors Brand Capital and Jaipur Capital at a valuation of Rs 42 crore ($6 million).
 

The company will utilise the funds to expand its customer base and brand presence across India with aggressive marketing.
 
Be U, the technology-driven Salon Company provides backend and professional support to salons across the country. It is looking to expand its base across the country in the coming years to cash in on the booming beauty and grooming segment in the country.

“The biggest challenge of salons is not only to bring customers back, but to bring them back month on month, and SalonPass does just that. It’s a dream come true tool for any salon owner. Today 80% of the subscribers visit our salons month on month, which is unprecedented,” says Vikas Johari, CEO & founder of Be U Salons.
 
Shailendra Nagvani, CTO & co-founder, Be U Salons, “Interestingly 80% of the work has been executed by the existing salon owners, like the physical infrastructure & the salon staff, all they have been missing is the operational know-how. Be U just does that, through technology.”
 
The beauty and grooming market is currently estimated to be around $6.5 billion and expected to touch $20 billion by the year 2025.
 
Be U was founded by Vikas Johari, Jigyasa Gupta, and Shailendra Nagvani in 2016 and currently operates over 90 outlets in the three cities.