Four Fountains Spa eyes another round of PE funding | VCCircle
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Four Fountains Spa eyes another round of PE funding 

BY  Diksha Dutta
Fulcrum Ventures invested around $5 million in TFFS back in 2007 and currently holds over 26 per cent stake in the company.

Fulcrum Ventures-backed The Four Fountains Spa (TFFS) will be raising another round of PE funding to expand its existing business including the new formats in spa business, Anurag Kedia, founder of the company told VCCircle.

“We have opened new formats like ‘Spa on wheels’ , power spas, spas for events and conferences. We need an external investment to expand these new formats and even expand our salon business. We would be raising $2-3 million six months down the line,” said Kedia.

The salon business of the company is run under the brand Jazz Up and the firm has five such...

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