India: Beauty services platform Zapluk gets funds from Ex Apple India MD, others

Visual from Zapluk website

Beauty, wellness and fitness platform Zapluk has raised an undisclosed amount in angel funding from a group of angel investors including former managing director of Apple India, according to a statement.

The funds will be used by the Hyderabad-based startup to scale up existing operations, ramp up back-end team and to strengthen marketing efforts.

Launched in November this year, Zapluk is an on demand beauty services platform that provides beauty, fitness and wellness services at the doorstep. Its app also helps customers book appointments online at their convenience and preferred time.

Currently, the platform is only providing services for women by women, but plans to launch services for men through male professionals in the near future, according to Zapluk’s website. The startup has leading cosmetics brands like L’Oreal, Lotus Professional, O3 and VLCC listed on its platform.

Zapluk was founded by BITs Pilani alumni Manan Maheshwari, Mahesh Teja Gogineni and Chakradhar Dandu. The firm’s services are currently available only in Hyderabad.

The beauty services industry in India is huge and growing at a rate of over 20% annually. Experts feel that the business of making these services available right at the doorstep will prove to be a big game changer for the entire industry going forward.

Recently, StayGlad in the similar space raised an undisclosed amount in Series A funding from Bessemer Venture Partners and Anil Chopra, former CEO of Lakme Lever. Another startup Stylofie raised $250,000 (about Rs 1.65 crore) in seed funding from Hong Kong-based Swastika Company Ltd last month.

Also Read: India: StayGlad secures funds from Bessemer Venture, former CEO Lakme Lever

Naukri.com owner Info Edge picks 25% in beauty services marketplace BigStylist

Indian online beauty retailer Nykaa.com raises raises $9.5m from multiple investors

Stylofie raises $250k from HongKong’s Swastika

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.