Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 12 2017

Fabogo plans to develop an Android and iOS app

The company is planning to utilize 40% of its funding to strengthen technology and another 40% to increase its user base, the remaining amount will be used for geographical expansion.

Fabogo plans to develop an Android and iOS app

Beatury services and wellness aggregrator, has raised $2.25 million (Rs 14.5 crore) in its third round of funding. The funding round was led by Dubai-based early-stage investor, Dunamis Ventures Pvt Ltd. 

The company had earlier secured an angel funding of $500,000 in May, 2015 and $1 Million in January, 2016 as angel investment from PE Investors in Dubai.

Fabogo was founded by Prasanjeet Roy and Mohammad Ali Akmal in March 2015. It allows users to discover beauty services at salons and spas in their locality. The company followed an international-first approach when it debuted in Dubai in May 2015. Later on, the startup launched operations in Pune and Mumbai in August 2015.

With more than 3,50,000 users monthly on their website, Fabogo is also launching the app on android and iOS that will enable consumers to buy-book-redeem the beauty services around them at their convenient аnd comfort.

The company is planning to utilize 40% of its funding to strengthen technology and another 40% to increase its user base, the remaining amount will be used for geographical expansion.

Pasanjeet Roy, CEO & Co-founder, Fabogo, said, "Our focus this time is technology because we’re entering into the transaction game. We aim to become the market leaders in our existing cities by March next year. For that, we aim to grow at about 25,000 user downloads month-on-month."

The company currently claims to witness a growth of 20% month-on-month and driving an average of 500 appointments daily. It is currently following a ‘Pay-per-Lead’ based monetisation model, wherein, it charges a small fee for every customer directed to a partnered venue.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Resellers
    HardwareDepo in partnership with cwt-international have bought Made in Germany..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater bangalore Karnataka
  • About Us: Living Healthy 24, a venture of Kolkata-based Culmination Healthcare..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • Others Health Care & Fitness
    Micro busters is India's first subscription based sanitization service company..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Bakery & Confectionary
    1) We welcome you with our unique, delicious and artistically..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Uttar Pardesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities