LUZO, a mobile application based in Mumbai and a curated marketplace of premium salons, spas, and aesthetic clinics, has successfully raised $250,000 in a pre-seed funding round. The funding was led by 100X.VC, with participation from notable angel investors such as Yash Kotak (Founder of Jumper.ai) and Kabir Kulkarni. LUZO, operating as a B2B2C marketplace startup, previously received funding from 100X.VC as part of the Fund’s Class 08 Portfolio. The newly acquired funds will be utilized to expand the company’s premium partner network in major Indian cities like Mumbai, Delhi, and others.
LUZO’s founder and CEO, Anurav Dave, expressed the increasing importance and demand for beauty and wellness services among aspirational Indian consumers. With the rapid growth of consumer technology in the underserved service industry, he believes it is the perfect time to bring about a revolution in this sector.
According to an official statement from LUZO, the mobile app currently allows customers to book appointments for over 150 premium salons and spas in Mumbai and Pune, without the requirement for pre-payment. Interested customers can simply download the mobile app from the Google Play Store or Apple App Store. LUZO further claimed that it has already served over 4,000 appointments, with a remarkable 74% rate of returning customers. The company aims to enhance user experience and streamline processes through the utilization of technology, focusing on its app for both customers and salon partners.
Ninad Karpe, a partner at 100X.VC, expressed enthusiasm in being the first investors to support LUZO. He commended the startup for pioneering an innovative and scalable business model to address the fragmented salon and spa industry. Recognizing the industry’s rapid growth, Karpe believes that LUZO’s platform will pave the way for organized expansion within the salon and spa sector, thereby demonstrating immense growth potential.
LUZO’s success in securing pre-seed funding highlights the confidence investors have in the company’s vision and business model. With the funds raised, LUZO aims to further establish itself as a leading player in the premium salon and spa market. The company’s focus on expanding its partner network in major metropolitan cities indicates its commitment to meeting the growing demand for beauty and wellness services among Indian consumers.
As LUZO continues its journey, it is poised to play a significant role in reshaping the salon and spa industry through its asset-lite curated marketplace. By leveraging technology and prioritizing user experience, LUZO aims to revolutionize the way customers engage with premium beauty and wellness services. With the support of investors and the potential for sustained growth, LUZO is well-positioned to make a lasting impact in the Indian market.
In conclusion, LUZO’s recent achievement of raising $250,000 in pre-seed funding demonstrates the confidence investors have in the company’s unique business model and its potential to disrupt the salon and spa industry. With a focus on expanding its premium partner network, LUZO aims to capitalize on the increasing demand for beauty and wellness services in major Indian cities. As the company continues to innovate and enhance user experience through technology, it is poised to become a key player in the Indian market, driving the organized growth of salons and spas while meeting the aspirations of Indian consumers.
