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
  • Fitness Equipment Stores
    About Us: Body Mechanism, Informally known as BM, Is an Advanced..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Others Dealers And Distributors
    About us: JD Shopping Network was incepted in the year 2015 in..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size
    Space required 200
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Indore Madhya pradesh
  • About Us: Founded in the year 2001-2002, ITEM Secure Pvt. Ltd...
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Founded in 1975, Chickpet Donne Biryani provides an exclusive..
    Locations looking for expansion Karnataka
    Establishment year 1975
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore 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