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O’2 Nails India raises $150K in seed spherical led by Actual Time Angel Fund, AIC-BIMTECH

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Nail care start-up O’2 Nails India on Tuesday introduced that it has raised $150K within the seed spherical of funding from Actual Time Angle fund and AIC- BIMTECH. This strategic funding will allow O’2 Nails India to increase its attain into the rising nail care area throughout the nation.

Began by Aparna & Vikram in 2021, O’2 Nails India opened their first boutique to fulfill a market imbalance of Rs 1 billion in nail companies. Globally, the nail care trade is about $15 billion. Nail care service is likely one of the fastest-growing industries within the B2C class in India. At the moment, the start-up has 30 shops throughout 15 cities throughout India overlaying 7 states and plans to open greater than 100 shops for FY 2023-24. The model goals to develop its retail footprint and buyer base by 500 per cent and 10X, respectively, on YoY. It has 90 per cent of feminine workers members at O’2 Nails India.

Aparna Singh, CEO, of O’2 Nails India stated in an announcement, “This strategic funding in O’2 Nails India is a testomony to the corporate’s dedication to offering high quality nail care companies and increasing its attain. We’re extraordinarily grateful and pleased to be backed by these famend trade leaders in our journey forward. We plan to make the most of these funds for technological development and increasing our shops and retail presence. With a powerful dedication to speed up girls empowerment, we’ve got 20 women-led franchises.”

“With greater than 78% of girls clients, we’re making a strong identification for them by revamping their type statements. With this new funding, O’2 Nails India will have the ability to additional their mission of delivering distinctive customer support and giving clients entry to modern nail care merchandise. ” added Singh.

Pranay Mathur, Associate & CEO Actual Time Angel Fund, stated, “India nail care market is anticipated to develop at a sturdy charge by way of 2025 because of surging vogue and wonder consciousness amongst girls and rising variety of magnificence salons within the nation. O2Nails has created a singular and thrilling vary of services and products within the private care and wonder care class beginning with Nails. We’re elated to companion with passionate founders in backing their development journey to assist Indian women and girls love their Nails much more and setting a singular type assertion. The startup is ready to open greater than 100 shops within the subsequent few years in India and overseas.”

Amit Singal, Basic Associate, Actual-Time Angel Fund, stated “The marketplace for Indian Nail Artwork and Nail Care merchandise is seeing monumental development because of a heightened concentrate on vogue, magnificence and hygiene. We’re delighted to be partnering with O’2 Nails India, who’re leveraging the most recent expertise and their speedy service type boutique to succeed in their target market and meet the demand of this burgeoning enterprise. We have now nice confidence in O’2 Nails India and the devoted group behind this model.”

O’2 Nails India has achieved the honour of being named “Most Trusted Nail Salon Chain” for 2 consecutive years in 2021 and 2022. This group is devoted to serving to girls acquire monetary independence by way of their franchise mannequin within the retail trade.

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