ManageMySpa raises $6 million from Accel Partners

Will use funds to expand mobile product, sales and marketing growth

ManageMySpa, a mobile and cloud-enabled technology platform in the beauty and wellness sector, has raised $6 million (Rs 38.4 crore) in a Series-A round funding from early and growth-stage venture capital firm Accel Partners. The investment will allow the company to accelerate its sales and marketing growth globally and to expand its mobile product offering.

Founded in 2010 in Hyderabad, and now headquartered in Seattle, ManageMySpa offers a SaaS (software-as-a-service) solution to spas and salons. The solution is designed to manage all operational aspects of the spa and salon business, including online booking, appointment management, point-of-sale, customer relationship and staff management, inventory control, built-in marketing and analytics.

With offices in seven countries, the company services customers in 30 countries, including Kaya Skin, Enrich Salons, O2 Spas and Blush Clinics in India, US-based Massage Green and La Vida, UK-based ElemisSpas, Martha Tillar in Indonesia, Hair Free and Results Laser Clinic in Australia, and Tips and Toes, Hello Kitty and The Grooming Company in West Asia.

“We are confident in our ability to execute quickly and scale our growth. We are able to meet the needs for the beauty and wellness industry, which is a need that has not been addressed by any other player in the market.  We have a proven product that scales for large businesses and have been able to dominate multiple markets. With Accel’s insights and investment, we are poised for rapid growth,” Sudheer Koneru, founder and chief executive officer of ManageMySpa, said in a release on Monday.

“Accel invests in companies with strong founding teams and a product that serves high-growth markets,” said Accel Partners’ Shekhar Kirani, who has joined the ManageMySpa board. “We believe that ManageMySpa is at a pivotal point in its growth trajectory and has all the competencies to become the leader in its space. We are excited about the momentum the company has experienced so far and the growth of the wellness industry globally.”