Glam Studios raises Rs 2 crore angel funding

PUNE: Glam Studios, an affordable salon brand has raised Rs 2 cr in angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The funds will be deployed towards expansion, operation and technology. The round was organised by I Plan Wealth Management. The company was set up in October 2015 and had raised an undisclosed round earlier this year.

The funds received will be deployed in expansion, operations and technology. Earlier this year, Glam Studios had received undisclosed amount of seed funding which was used to scale the brand up to 40 salons and create a cloud based salon management system. Glam Studios was started by Sadiya Naseem, Darakhshan Husain, Feeroz Akhter and Ajay Bansal and aims to bring make standardized and affordable beauty services accessible to more people.

Salons can sign up to be a part of the chain and go through infrastructure and aesthetic changes, as well as automation in operations as part of the standardization process.

It currently operates 40 studios in the Delhi/NCR region. “We have received an incredibly encouraging response both from customers and salon owners and plan to have more than 500 salons on the tech backed platform by the end of this financial year”, said Sadiya Naseem,CEO, Glam Studio.