On what terms beauty startup Zapluk agrees to merge with Chennai-based Pamperazi
On-demand beauty, wellness and fitness app Zapluk has announced its merger with Chennai-based salon service Pamperazi. Operated by Hyderabad-based Zapforce Technologies, Zapluk allows customers to order beauty services at home, based on their individual requirements and customer satisfaction ratings of each beautician.
Brainchild of Manan Maheshwari, Lavanya Hariharan and Mahesh Gogineni, the startup bagged an undisclosed amount of angel funding from a group of investors including Alok Sharma, former CEO of Apple India, in the year of its inception December 2015.
While, the home salon service provider Pamperazi was founded by Lavanya Iyer in the same year August 2015. Currently, the startup is doing over 1500 services every month. The merger promises to offer its customers a gamut of services in Chennai and Hyderabad at extremely reasonable prices.
Commenting over the terms of the deal, Manan Maheshwari, Co-founder, ZapLuk told media, “We will retain the ZapLuk brand and all operations will be carried out under the ZapLuk brand.”
The merger deal will help ZapLuk expand its services to Chennai, says a press statement released by the brand.
Currently, operating in Hyderabad only with 1,500 service orders per month, the startup is at an advanced stage of negotiations for another round of funding, following which, it plans to expand in four more cities.
The on-demand beauty and wellness service industry has seen exponential growth in the last six months for service opportunities and has become a fertile ground for professional startups.
According to a KPMG report, beauty and wellness industry in India will be worth $13 billion by 2017. The merged entity will see fierce competition from other flourishing startups like Vyomo, Purplle, Zenoti, Belita, Mazkara, Stayglad and Nykaa.