INSUBCONTINENT EXCLUSIVE:
Shedul, the online booking platform for salons and spas, has raised $20 million in Series B investment, valuing the company at $105
million.The round was led by Paris headquartered VC Partech, with participation from Berlin-based Target Global, Dubai-based BECO Capital
was oversubscribed, and on top of the $20 million included $3 million on secondary funding
Features include managing bookings, point-of-sale, customer records, inventory and financial reporting.Running in tandem is the more
recently launched Fresha.com, a B2C marketplace for salons and spas
The idea is to enable merchants using the free SaaS to run their businesses to also be able to connect to consumers online
The consumer-facing mobile app and website supports online bookings and automated marketing, including via integrations with Instagram,
highly competitive, crowded with legacy software providers who charge excessive fees to simply access their products
disclosing that 8 million appointments are booked on its platform each month, at a value of more than $270 million
Growth in active merchants is expanding at an average rate of 20 percent quarter-on-quarter
The current customer base of merchants spans more than 120 countries, mainly in the U.S., U.K., Australia and Canada.The company says it is
on track to process $6 billion worth of appointment bookings by the end of 2019
