Zenoti receives $15M Series B to provide business management solutions to spas and salons in Asia
Headquartered in Seattle, Zenoti has offices in cities including Sydney, Jakarta, Kuala Lampur, Manila, Hyderabad and Dubai
Zenoti, a cloud-based business management solution for the spa and salon industry, has secured US$15 million in Series B funding round led by Norwest Venture Partners, with participation from returning investor Accel Partners.
The funding will be used to expand market share, drive product innovation, as well as for talent acquisition. Zenoti will also use a portion of the new funding to accelerate growth with expansion into the fitness and yoga space.
Zenoti, with operations in multiple geographies including Asia, has previously raised US$6 million in Series A funding from Accel.
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Founded in 2010 by Sudheer and Dheeraj Koneru, Zenoti was launched to provide an all-in-one business management solution for the spa and salon industry. The firm claims it powers thousands of spas and salons in over 30 countries. Zenoti helps spas and salons manage every aspect of their business, from online appointment bookings to billing through a POS, CRM, inventory management and marketing automation.
Its clients include Lakme Salons, Naturals, Kaya Skin Clinics, Sothys Malaysia, Bio Essence and Massage Green. It also caters to the luxury market including brands such as Elemis, and has recently expanded into the resort space adding Taj Hotels, Melco Crown, Crown Hotels, and Alaya hotels to their customer mix.
Headquartered in Seattle in the US, Zenoti also has offices in Sydney, Jakarta, Kuala Lampur, Manila, Hyderabad and Dubai.
“Zenoti is filling a void for mid to large wellness chains by solving chronic challenges associated with rapid growth,” said Mohan Kumar, Executive Director of Norwest Venture Partners. “Enterprise brands are starting to understand that Zenoti technology affords increased efficiencies and the seamless ability to protect their brand identities and customer experiences. Other players in the market are not addressing the need to manage a brand’s distributed operations or provide an integrated view of business performance across multiple locations.”
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