The beauty and wellness industry are coming back to life ever since the decline of pandemic restrictions. London-based Fresha, which offers a multipurpose platform for independent wellness and beauty businesses recently reaped the benefit of the growing market. The company also got a boost of $100 million in Series C funding recently as per lundentechcrunch. The round was led by General Atlantic along with other participants like Michael Zeisser of FMZ Ventures, Huda Kattan, and Jonathan Green of Lugard Road Capital. The total funds raised by Fresha now amount to $132 million to date. However, the current valuation of the company was not disclosed.
Fresha deals in hair, yoga instructors, nail and skin salons, and more. This platform is a pioneer in the field of a completely free subscription platform for such businesses and enables the customers to schedule bookings. It even offers free software that can help them manage their accounts as well as payment services that include physical sale points and digital interfaces. It even offers free software that can help them manage their accounts as well as payment services that include physical sale points and digital interfaces. The initiative marketplace of Fresha offers a B2B interface and provides goods to the businesses as well as a B2C platform to serve the end-users.
The London-based company has over 50,000 customers and employees around 150,000 stylists and professionals. It operates in 120+ countries as of now. Even during the pandemic, when most companies suffered badly, Fresha saw an increase in 30x card payment transactions. Not just this, $12 billion worth of booking appointments were made on its platform. With top-notch business software that can be accessed without any subscription fees, Fresha enables professionals to focus on what they do best. At the same time, it offers great experiences to the customers. The fresh funds will be used to expand the company’s operation in other countries. It even plans to build more services complementing the existing features. The end goal is to help customers do their work more effectively by giving them more insights and data about what they do already. Making acquisitions to expand its customer base is also on the agenda.
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