Yes Madam secures Rs 1.5 crore funding from investors

Yes Madam, a salon-at-home brand has secured Rs 1.5 crore ($1,80,793) in funding from investors featured on Shark Tank India Season 3.

Aman Gupta, Vineeta Singh, Peyush Bansal, and Ritesh Agarwal joined forces to invest in Yes Madam for a 2 percent equity stake.

Yes Madam will utilise the funds to fuel its expansion plans, enhancement of operational capabilities, technology development, hiring, research & development, and product innovation.

Commenting on the investment, Mayank Arya, co-founder at Yes Madam in a statement said, “This funding is not only a testament of our dedication, but also our commitment to delivering unparalleled experiences to our customers as their satisfaction remains our primary focus. With this investment, we would aim to empower women and partners across India with new employment opportunities ensuring fair treatment and dignified work.”

“We are also planning to embrace new-age digital solutions and AI-powered algorithms that will help us personalize interactions and offerings to optimize product recommendations and deliver a seamless experience. Supporting us in this journey, we would like to extend our gratitude to the sharks for their trust in us and are hoping to have continued growth in the dynamic beauty landscape,” he added.

Founded in 2016 by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, the Noida-based startup allows people to register and get beauty services from their homes.