Stylofie – the Gurgaon based beauty and wellness startup have raised seed funding worth $250 K. The funding round was done by Hongkong based Swatika. Stylofie funding will be used to updrive their technology platform. They also eye at expansion of business to Delhi.
Founded by MDI Gurgaon graduates Prateek Agarwal and Saurav Dey, Stylofie was started in August 2015 and is an online market for consumers to discover beauty services such as salons/ spa etc. Stylofie platform also allow users to rate the services, compare price and grab deals / discounts.
Stylofie is currently operational in Gurgaon only and have over 100 salons/spas under their platform. Their business have been increasing at a rate of over 100% per month.
Stylofie funding : Big Market
The marketplace of beauty and wellness in India is almost $ 5 Billion market and services themselves contribute over $3 Billion. Here is the official statement from CTO Stylofie:
Stylofie is among the few start-ups which launched its website and mobile app (including android & ios) together. We are applying Lean Startup principles for development, allowing us to be very agile and responsive to consumer needs. (Balaji Srinivasan – Stylofie)
So what are you waiting for? Grab an idea in this genre and become a brand.