 "Taxiforsure co-founder Aprameya Radhakrishna invests in Vyomo")
Taxiforsure co-founder Aprameya Radhakrishna has invested an undisclosed amount in mobile beauty and wellness platform Vyomo during the seed round. This is Radhakrishna’s maiden investment after his exit from Taxiforsure following its acquisition by bigger rival Ola for around $200 million (Rs 1,200 crore) in March this year.
“The beauty and wellness industry is a large market, ripe for disruption. I decided to invest in Vyomo based on the extremely focused and effective core team led by Abhinav Khare and Poonam Marwah - they have built an intuitively smooth mobile platform that is way ahead of the competition,” said Radhakrishna.
Last month, cricketer Yuvraj Singh had also invested an undisclosed amount in Vyomo, through his start-up fund Youwecan Ventures.
“Having Radhakrishna as our investor and a member of advisory board is a great validation for our ‘mobile only’ strategy. We are looking to replicate the success of the on-demand cab industry and thus having him will only enhance our execution even further,” said Abhinav Khare, Founder & CEO.
According to a report by KPMG, beauty and wellness industry in India will be $13 billion by 2017.
“The beauty and wellness industry is a large market, ripe for disruption. I decided to invest in Vyomo based on the extremely focused and effective core team led by Abhinav Khare and Poonam Marwah - they have built an intuitively smooth mobile platform that is way ahead of the competition,” said Radhakrishna.
Last month, cricketer Yuvraj Singh had also invested an undisclosed amount in Vyomo, through his start-up fund Youwecan Ventures.
“Having Radhakrishna as our investor and a member of advisory board is a great validation for our ‘mobile only’ strategy. We are looking to replicate the success of the on-demand cab industry and thus having him will only enhance our execution even further,” said Abhinav Khare, Founder & CEO.
According to a report by KPMG, beauty and wellness industry in India will be $13 billion by 2017.
Vyomo has already roped in 1,500 salons and spas, it said in a statement.
Vyomo has already roped in 1,500 salons and spas, it said in a statement.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%