Chennai-based home salon services provider Pamperazi will merge its business with Hyderabad-based on-demand beauty, wellness and fitness services provider ZapLuk.
“We will retain the ZapLuk brand and all operations will be carried out under the ZapLuk brand,” Manan Maheshwari, co-founder, ZapLuk told TechCircle.in. He declined to specify the financial details of the cash-and-equity deal.
Email queries sent to Pamperazi didn’t receive any response till the time of filing this report.
The deal will help ZapLuk expand its services to Chennai, according to a press statement. Till now, it was operating only in Hyderabad and was fulfilling 1,500 service orders per month.
ZapLuk, run by Zapforce Technologies Pvt. Ltd, had received angel funding from former Apple India CEO Alok Sharma in December last year.
The company is in advanced talks with investors for another round of funding, which will be used to expand services to four more cities.
ZapLuk was founded by three BITS Pilani alumni – Manan Maheshwari, Mahesh Teja Gogineni and Chakradhar Dandu – in August 2015.
ZapLuk allows customers to order beauty services at home after viewing the profiles of the stylists listed on the app.
Pamperazi, run by Amorfus Beauty Services Pvt. Ltd, was founded by Lavanya Hariharan in August 2015.
The on-demand beauty space has seen a lot of investor interest recently. In April, it was reported that salon chain Naturals was investing $15 million (Rs 100 crore) in Vyomo Pte Ltd, a Bangalore-based mobile marketplace for beauty and wellness services. Vyomo said it was a Series A investment, but it was seen as a strategic deal for a controlling stake given that the venture was being rebranded as Natural @Home.
In other similar deals, Gurgaon-based beauty and wellness startup Stylofie.com raised $250,000 in seed funding from Hong Kong-based Swastika Company Ltd. StayGlad, a mobile marketplace for on-demand beauty services, raised an undisclosed amount in Series A funding from Silicon Valley-based venture capital firm Bessemer Venture Partners in November last year.
Like this report? Sign up for our daily newsletter to get our top reports.