Since March, countless people have given themselves haircuts worthy of a “say no more fam” barber joke.
But in anticipation of post-pandemic normalcy, there has been an influx of funding for SaaS companies that cater to salons and barbers.
One of those companies, Zenoti, just became a unicorn after a $160m Series D investment.
Zenoti has seen 100% YoY growth in 2020…
… and it currently powers 12k+ businesses in 50+ countries.
Launched 10 years ago in India, the company’s cloud-based beauty industry software runs on each user’s phone (rather than an expensive POS terminal), connecting customers with their stylists. It handles:
- AI-based promotion that contacts clients when they likely need a cut.
- Inventory management based on preferences of upcoming clients.
- Contactless scheduling, billing, and even customer reviews.
Franchises are liking the cut of Zenoti’s jib
According to TechCrunch, Zenoti is one of a growing group of SaaS contenders that started in India and are finding success in the US.