Yes Madam eyes 100 crore revenue by FY22
India’s leading beauty and salon-at-home service providers Yes Madam has strengthened its presence with the expansion of its services in the city of Mumbai with the addition of new locations to its service list.
Yes Madam will now offer its services in Andheri East, Kandivali, Dadar, Andheri West, Ghatkopar East, Mira Road, and Grant Road. It plans to further expand its presence in the city over the next few months.
On the back of its retail expansion, the beauty start-up expects to generate revenue of around Rs 100 crore ($13.5 million) during the financial year 2022.
Commenting on the expansion, Mayank Arya, co-founder of Yes Madam, in a statement said: “We are thrilled to expand our services to a city of beauty and glamour like Mumbai. We are hopeful to get a breath-taking response from the people of Mumbai with our tailor-made services.”
“Presently, we are operating in seven locations in Mumbai. With time, we will expand to more locations in the city just like the way we cover the entire Delhi, Gurgaon, Noida, and the Greater Noida regions along with a strong footprint in Bengaluru and Hyderabad. Following this, we are expecting to achieve Rs 100 crore by FY22,” he added.
Launched in 2016, the Noida-based start-up Yes Madam had generated revenue of more than Rs 30 crore during the last financial year and currently offers its services in 27 cities across India.
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