Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Companies / ManageMySpa raises $6 million from Accel Partners, others
BackBack

ManageMySpa raises $6 million from Accel Partners, others

The funding will be used to expand its mobile product offering as well as to accelerate sales and marketing globally

The company, which has its headquarters in Seattle in the US, was founded in 2010 and has offices in seven countries. Premium
The company, which has its headquarters in Seattle in the US, was founded in 2010 and has offices in seven countries.

Bengaluru: Mobile and cloud-based technology platform ManageMySpa has raised $6 million in fresh funds, largely from Accel Partners, the company said on Monday.

The platform that serves the beauty and wellness industry said the funding will be used to expand its mobile product offering as well as to accelerate sales and marketing globally.

The investments will also see Accel Partners’ Shekhar Kirani joining the ManageMySpa’s board of directors. The beauty and wellness industry has seen rapid growth in recent times requiring more enterprise solutions to manage and expand its reach and business. The platform is said to have completed 10 million bookings.

The company, which has its headquarters in Seattle in the US, was founded in 2010 and has offices in seven countries. It has been expanding its India presence in the last two years, has 10-55 outlets and tends to make around 70,000 appointments every month, the company said.

ManageMySpa, a software as a service provider, enables beauty and wellness clinics in its IT and enterprise needs for online booking, appointment, inventory control, staff management and analytics, among other functions. The company has enterprise clients including Kaya Skin, Enrich Salon, O2 Spas and Blush Clinics, it said.

“We have a proven product that scales for large businesses and have been able to dominate multiple markets. With Accel’s insights and investment, we’re poised for rapid growth," Sudheer Koneru, founder and CEO of ManageMySpa, said in a statement.

This article has been corrected to give the correct amount of fresh funds raised by ManageMySpa

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 27 Jul 2015, 02:31 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App