Salon Management Zenoti Software Raises $20 Million
In its series C round of funding, Zenoti Software Company that offers salon management solutions has raised $20 million from Steadview Capital. An official statement from the Seattle and Hyderabad-based company says that the funding will be used to accelerate the pace of innovation as well as expand its current and upcoming geographies.
Founded in 2010 by Sudheer Koneru, Dheeraj Koneru, Anand Arvind and Saritha Katikaneni, Zenoti offers cloud-based back-end services such as appointment booking, payroll, inventory and financial management for salons and spas. They also offer products for billing, marketing, CRM, and loyalty features.
Lakme, Kaya Skin Clinic, Bodycraft and Bouncer are some of Zenoti’s top clients in India. In the US, they cater to Waxing the City, Massage Heights, Mario Tricoci, Prose Boutiques, Sono Bello and Rudy’s Barbershop.
In a previous round of funding earlier this year, Zenoti raised an investment of $50 million led by Tiger Global, along with its existing investors Norwest Venture Partners and Accel Partners. With a Series B funding of $15 million in 2016, the company has raised a total of $91 million so far.