Angel funds beauty services StayGlad

By | June 30, 2015
StayGlad - Funding - Main Banner

StayGlad - Funding - Main Feature 1StayGlad secures angel funding from a group of investors. Bengaluru based startup company is mobile marketplace for beauty services. The company was started a month ago by Prateek Jain, Shashank Gupta and Kavish Desai.

StayGlad offers its customers beauty services, styling and get ready services like saree draping at their doorstep. All the professionals who provide the services are verified, trained, certified and experienced professionals. StayGlad aims to provide 20 minute appointments where an individual can get ready for an occasion by booking an appointment with a beautician. Customers can pick and choose a particular style and make up through the website. The company offers their services to female clientele.

Bengaluru based company was founded in May 2015 by Prateek Jain and others. Prateek has graduated in Bachelors of Technology in Agricultural and Food Engineering from Indian Institute of Technology, Kharagpur in 2011. He started his career as intern in 2010 at IKP Center for Technologies in Public Health.

StayGlad - Funding - Main Feature 2Prateek joined Heinz India in June 2011 as Management Trainee. He worked with the company for 14 months and joined as Category Manager in Urbantouch in2012. After brief stint of 9 months he moved to Akosha as Enterprise Sales in 2013. Prateek worked for a brief stint of 3 months in Akosha. In May 2013, Prateek became category product manager in Amazon India. After a stint of 2 years he co founded StayGlad along with Shashank Gupta and Kavish Desai.

Shashank Gupta is co founder of StayGlad. He has graduated in dual degree in Mathematics and Computer Science from Indian Institute of Technology, Kharagpur in 2011. Shashank started his career as software development engineer in Amazon in June 2011. He was responsible for designing algorithms and systems, programming and system maintenance in Amazon. He worked with the company for 20 months.

In May 2013 Shashank joined Adobe Systems as Algorithm Engineer, where he was responsible for algorithm development, optimization and reporting. He worked with Adobe for 2 years and co founded StayGlad.

StayGlad - Funding - Main Feature 3Kavish Desai is co founder of StayGlad. He has graduated in Integrated Master of Science, Exploration Geophysics from Indian Institute of Technology, Kharagpur in 2012. He started his career as intern in the officer of Member of Parliament in May 2010. He designed a CSR model on population health and stabilization catering to a population of 1.5 million for Naveen Jindal. After which he moved as intern with Essar Oil Limited. He worked on Pre Placement offer in June 2011.

In July 2012 Kavish joined Flipkart as Lead Business Analyst. He was responsible for category management where he scaled up the corporate sales and gift cards verticals. He improvised supply chain and responsible for operational excellence of fulfilment centers. He worked with the company for 2.3 years and co founded StayGlad.

The company raised undisclosed amount of angel funding from a group of investors that include Tracxn Labs and Sahil Barua, co founder of Delhivery. After the securing the funds Prateek Jain, StayGlad’s founder said “We are changing the way customers access beauty and ‘get ready’ services at short notice and paving the way for beauty professionals to maximize their skills with no overhead costs.”

StayGlad - Funding - Main Feature 4“The biggest advantage of an on-demand beauty services marketplace model is that the business leverages technology to bypass the overhead of running a brick and mortar storefront, and reaches out to a much wider audience in comparison to a salon whose reach is limited to its geography,”  said Sahil Barua.

Abhishek Goyal of Tracxn Labs said “We wanted a startup that can handle technology and operations at scale. Having worked with Jain earlier, I knew they have a higher chance to succeed.”

StayGlad offers beauty services in Bengaluru and plans to expand their services in other cities. Hair and Beauty industry is expected for a quantum jump in few years. There is sizeable growth of salons by 35% and cosmetic treatments are growing by 5% every year.

Beauty services industry is poised for growth and many ventures capitalise as slowing entering the scene, startups like Purplle and Nykaa have started offering services.

Author: Venu V

i look for minute details, whatever i do. Avid reader, read lot of Hindu mythology, Technology and General news. Extreme foodie and like to taste new types of vegetarian food. Travel a lot, like to explore new places which are not explored by anyone. Participate in adventure sports like river rafting, grappling and hot air ballooning.