Luzo is an online platform for beauty and wellness services that raised 550,000 for Enrission India Capital in its ongoing seed funding round. The funding round saw the participation of the firm’s new and existing investors, including Orra Founders and Swiggy Dineout. The startup offers discounted appointments to its users.
The company plans to use these fresh proceeds to scale its operations, improve its technology, and develop its brand presence. The firm offers a platform to help users easily book, reschedule, or cancel appointments without any additional charges. The online platform allows users to enjoy exclusive offers at a discounted price. The consumer service startup aims to make beauty and wellness services more affordable and accessible.
Since its inception, the company has secured around 404k USD across two funding rounds, including $250,000 raised from Yash Kotak, 100X VC, and other investors during its pre-seed funding round. Luzo previously received an investment of $154k from 100X.V during a seed funding round in 2022. The firm has over 4 institutional investors, including Shavadia Ventures and Enrission India Capital.
The Mumbai-based startup also plans to use some of this investment to expand its partner network in the tier-I cities. The firm also aims to build a seamless digital-first experience for customers seeking high-quality wellness and beauty services. The company competes with other beauty and wellness platforms like Glam Studios, Be U Salone, and Vagaro. This latest funding round highlights the investor’s trust in Luzo’s market potential and business model in this sector.
The company plans to increase its offerings and streamline the booking of verified service providers. The consumer service firm mainly focuses on offering quality services while meeting the increasing demand for premium grooming services. This investment will enable the startup to enhance its services and scale its platform. The development came after this sector saw an increased investor interest. Luzo provides its customers with curated wellness and beauty services through a tech-enabled platform.
Conclusion:
Luzo is a consumer services startup that raised 550,000 USD from Enrission India Capital, Swiggy Dineout, and Orra Founders in its seed funding. The startup plans to use this fresh capital to grow its business in Tier-I cities, strengthen its technology infrastructure, and enhance its platform. By connecting customers to these centers at discounted prices, Luzo aims to become a top online destination for beauty and wellness.
The organization looks forward to positioning itself prominently in the market to make premium wellness services accessible to users at a reasonable price. The startup facilitates an online platform to connect spas, salons, and wellness clinics directly with consumers. The firm offers an online platform that offers high-end services at a low price. Luzo, raising this amount indicates the investment interest in the company’s market potential.
