Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 20 2019

Hyderabad-based GlamEgo Raises $500K in External Funding

The fresh capital will be used by the company to double its brand offerings from 100 plus to 200 plus by the end of 2019.

GlamEgo, offering beauty box through subscription, has raised $500,000 in its first external funding. Post the fundraise, the valuation of the Hyderabad-based online startup stands at Rs 30 crore.

The fresh capital will be used by the company to double its brand offerings from 100 plus to 200 plus by the end of 2019.

Founded by Lavanya Sunkari and Prabhakar Darakapalli in 2017, GlamEgo offers customized subscription service to those looking for beauty cosmetics at affordable prices ranging approximately from Rs 1,500 – Rs 2,000 for premium brands and Rs 399 for niche brands. Subscribers will be receiving a set of cosmetics and skin care products each month as chosen by the company, based on their preferences.

Lavanya, CEO and Co-Founder of Glamego, said, "We deliver all over India and have an automated delivery system in place for over 38,000 pin codes. We plan to get on-board premium brands like Startstruck by Sunny Leone, Votre, Jovees and Palmers."

Comment
image
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Makers of Milkshakes thrives on the cravings of the..
    Locations looking for expansion Telangana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Car wash / Ceramic Coating / Detailing
    About Us: Green Salute is a novel concept designed to allow..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Beauty Salons
    About Us: Pro art makeup Academy is a renowned beauty and..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pizzeria
    Own the American Dream In India with U.S.Pizza! About Us: Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities