LUZO, a Mumbai-based mobile application that is an asset-lite curated marketplace of premium salons, spas and aesthetic clinics has raised $250,000 in the pre-seed round led by 100X.VC. The round saw participation from angel investors like Yash Kotak (Founder of Jumper.ai) and Kabir Kulkarni, among others. The B2B2C marketplace startup had raised a cheque from 100X.VC as part of the Fund’s Class 08 Portfolio.
The startup plans to use fresh funds to onboard more premium partners in Mumbai, Delhi and other metro cities. The company will also focus on better user experience and automation of processes to further fuel every step with technology using its app that is available for its customers as well as salon partners.
Founded in 2022, LUZO has played an instrumental role in increasing the revenue of salons that were among the worst affected by COVID-19. With free onboarding and a unique revenue model, LUZO has not only helped the beauty and wellness service industry keep up with technology but has also enhanced customer experience by offering a curated collection of premium salons and spas with exclusive deals. By bridging the technological gap between the customers and beauty service providers, LUZO is proving to be a game-changer in the massive $25 billion industry growing at a CAGR of 28%.
It has already booked and served over 4,000 appointments, with 74% returning customers. Renowned Indian brands like Mama Earth-owned BBLUNT, Times Group-owned Femina Flaunt, India’s leading spa chain Tattva Spas and International brands like Jean Claude Biguine Paris have now partnered with the rapidly growing mobile application.
LUZO currently offers free booking without any pre-payment to its customers at 150+ premium salons and spas in Mumbai and Pune by simply downloading the mobile app available on Google Play Store and Apple App Store.
Anurav Dave, Founder & CEO of LUZO, said, “The importance and demand for the beauty and wellness services is rising in the minds of the aspirational Indian consumers. The rapidly growing consumer technology in the highly underserved service industry, makes it the perfect time to bring a revolution.”
Ninad Karpe, Partner at 100X.VC, said, “We are excited to be the first investors in LUZO. It is pioneering an innovative and scalable business model for the fragmented salon and spa industry. This industry is growing rapidly and LUZO will provide the right path for the organized growth of salons and spas. We believe it has immense growth potential.”
