 "Affordable beauty service provider Glam Studios raises Angel funding")
A start-up offering affordable beauty services, Glam Studios, announced on Monday that it has raised Rs 2 crore Angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The company said that the funds will be used for expansion, operations and technology.
The current round of funding was organised by I Plan Wealth Management. Earlier, the company had raised undisclosed amount as seed funding. The company used the seed funding to scale up to 40 salons.
"Receiving funding from some of the most astute investors in the country vindicates our business strategy and boosts our confidence," said, Sadiya Naseem, founder & chief executive of Glam Studios.
The company has serviced 6,000 clients and sold 1,000 yearly memberships in the first 6 months of operations. Glam Studios is currently operational in Delhi/NCR. " We plan to have more than 500 salons on the tech backed platform by the end of this financial year," added Sadiya.