Bengaluru: StyleSeat, the foremost destination for reserving beauty and wellness arrangements, has elevated $25 million in a Series B round of subsidy. The funding round was led by Fosun Kinzon Capital, Lightspeed Venture Partners, Cowboy Ventures and Slow Ventures and others. The venture which was unveiled in 2011 has driven 20 million appointments since its debut and foresees to reach more than $1 billion solely in appointments in 2015.
The beauty services include hair styling, make-up, nail treatment and many more by experts in this field. StyleSeat has larger than 320,000 certified individuals in over 15,000 cities across U.S and has developed nearly 100% of traction through word-of-mouth. The venture is a platform for industry veterans to exhibit their skills, network with people and augment their businesses, while consumers can find the best beauty professionals and book appointments.
It is claimed that the venture amidst being a window that shores up beauty artists, also offers excellent services to users which amplify the efficiency of the platform. StyleSeat finds a unique place in the beauty and wellness industry and is escorted an ardent and tech fanatic team that constantly thrives towards success. It holds pride in bearing the refurbishment of beauty services influencing its proficiency in building synergies among Fosun's fashion and lifestyle industries, including brands like St. John, Caruso, Cirque du Soleil and Club Med.
The venture has selected veteran go-to market strategist Scot Gensler as Vice President, Business and Corporate Development. He comes with a seasoned background of motivating significant growth via business development and commercial strategy management with companies like Current Media, Sony's Crackle and Livefyre. The company foresees rapidly mounting upon this base and driving more innovations for the consumers and the stylists with the assistance of Fosun Kinzon Capital which has knowledge in building extravagance brands internationally.