Spa and salon software startup Zenoti Software raised $160 mn in a Series D funding round making it the first vertical SaaS startup in India’s unicorn club. The round was led by Advent International (Advent) through Advent Tech and Sunley House Capital where Tiger Global Management and Steadview Partners also participated.
Zenoti is an all-in-one, cloud-based software for salons, spas, and medi-spas. It boasts of rich capabilities across appointment scheduling, online booking, billing, built in marketing, inventory management, CRM, and loyalty features. Zenoti CEO & Co-Founder says that Zenoti has built its tech solution over the last couple of years, and Covid accelerated the need for customers to adopt it in order to reopen safely. “It is not just better hygiene but IT infrastructure which is touchless and meets the heightened expectations in the stores,” he added.
The funding would be used to continue scaling operations, support research and development and to fuel further A.I. innovations, including advanced algorithms leveraging Zenoti’s enterprise system data to optimize customer employee scheduling, inventory management, marketing and dynamic pricing to enhance profitability and efficiency.