Barely a year after raising $250k from unnamed angel investor, Cairo-headquartered beauty services booking platform Glamera has further raised six-figure investment from Saudi’s Dual Gate Investment Holding. The exact amount involved in this round of funding was not disclosed.
Here Is What You Need To Know
- The startup, which was inspired by the previous funding, expanded to Saudi and Iraq earlier this year.
- With the new funding, it plans to further expand its services in Riyadh and Jeddah.
- According to Mohamed Hassan, co-founder & CEO of Glamera, Covid-19 has meant increase in demand for the startup’s services.
- Hassan noted that users now prefer to book appointments with salons instead of simply walking into them which has also resulted in more service providers now using its services.
Read also: Egypt’s Beauty Services Booking Startup Glamera Raises $250,000 To Scale Business
A Look At What The Startup Does
Launched just last year, by Mohamed Hassan, Omar Fathy, and Zafer Alshehri, Glamera facilitates appointment bookings for beauty and health services at salons, spas, gyms, and diet and dental clinics, through its mobile app. The startup’s users can browse different services to find the available options, see their prices, book appointments with them, and even pay for the services right from the app.
Glamera claims to have 100,000 users (it did not clarify what this means but it is apparently referring to sign-ups on its platform) and over 700 providers. Its app now also allows users to book home visits of different providers or even request remote diet, beauty or dental consultation with its partners.
For some years now, Egypt has made a dramatic leap in a number of fast-expanding startups and an amazing set of supporting institutions and communities.
In 2018, Egypt was ranked the fastest growing startup ecosystem in the Middle East and North Africa and the second largest after UAE, according to a report by start-up platform MAGNiTT.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer