Yuvraj Singh’s recently floated Startup Fund Youwecan Ventures has invested an undisclosed amount in Mobile Beauty and Wellness Platform Vyomo in its seed funding.
Vyomo is the first investment of the Youwecan ventures. Explaining his excitement, Yuvi said
We would like to support empowerment of millions of Beauty Professionals and help them improve their lives, income and be part of their personal milestones. Ultimately, we decided to invest in Vyomo based the execution capability of the team headed by MBAs from the London Business School, a truly great product and our belief in the vision of Vyomo that the Artificial Intelligence and Data Analytics can simplify the lives of millions of Indians
According to KPMG report, Beauty and Wellness Industry in India will be US$13 billion by 2017 and within MENA region it was US$25.5 billion in 2014 as per the global market intelligence firm Euromonitor International.
The Vyomo Mobile App for Salons, Spas and Stylists will be available for both IOS and Android from May 2015. The Customer App will be launched in July.
Speaking at the occasion, Abhinav Khare, Founder & CEO, Vyomo said
Signing-up with Youwecan Ventures for securing our seed funding is an important milestone for the company, and one which will allow us to scale and expand to meet the demands of our global users.
In 3 years, Vyomo will shift the paradigm of Beauty and Wellness Industry where the Stylists and Beauty Professionals will get the place they deserve. Vyomo will bring more than 1 million stylists on the platform by 2017 and improve their earnings by allowing millions of customers to instantly access and book a hassle free Salon and Spa experience.
Our aim is to create a complete solution for Beauty Professionals to manage and grow their business through a smart-phone, and customers to book appointments instantly through their mobile devices, and ultimately repeat the success story of tech startups within Cab industry.
The App for Salons will provide professionals from the Beauty Industry an end to end salon management software that grows and simplifies their business by providing increased traffic, CRM, ERP, EPOS, Performance Management, Booking Management and Online Presence backed by state of art Data Analytics & Artificial Intelligence.
About Youwecan Venture Fund
Youwecan is a 50 CR seed fund that is created to empower young entrepreneurs on their journey to build brands and successful business ventures and improve the life standard of society. More information at their website.
About Vyomo
Vyomo is a Mobile Beauty and Wellness Platform that is backed by Artificial Intelligence and Data Analytics to simplify the way beauty & wellness services are requested offered and rendered. It was founded by the London Business School classmates Abhinav Khare and Poonam Marwah.
- Abhinav Khare Founder-CEO is Strategy and Corporate Development Expert with 10 years’ experience in 3 continents and 32 countries in the domain of Market Entry, Strategy Execution and Building Analytics products. He has an MBA London Business School and MSc in Technology Management from ETH Zurich.
- Poonam Marwah Co-founder-COO has got 16 years Operations, Internet Marketing & Technology. Successfully lead 3 new ventures, growing organizations and managed complex projects. She holds MBA from London Business School, Masters in Computer Application, PMP, she is also a US Patent Holder.
Image Credit – pixr8