Cricketer Yuvraj Singh’s start-up fund Youwecan Ventures has invested an undisclosed amount in mobile beauty and wellness platform Vyomo, in a seed funding round.
This is the first investment of the Youwecan Ventures, which has a corpus of Rs. 50 crore.
“We would like to support empowerment of millions of beauty professionals and help them improve their lives,” said Yuvraj Singh.
Vyomo aims to create a solution for beauty professionals to grow their business through smartphones, and customers to book appointments instantly through their mobile devices.
According to a KPMG report released in 2014, the beauty and wellness industry in India would nearly double to Rs. 80,370 crore by FY18 from Rs. 41,224 crore in FY13.
In the next two years, Vyomo expects to bring more than 10 lakh stylists on the platform and improve their earnings by allowing millions of customers to instantly access and book a hassle free salon and spa experience.
