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Zenoti gets $20 m from Steadview

The company primarily provides cloud-based back-end services, including appointment booking, payroll of employees, inventory management and managing financials.

ET Bureau|
Aug 23, 2019, 10.09 AM IST
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The investment indicates continued investor interest in backing software startups based out of India which target global problems.
BENGALURU: Zenoti Software, a spa and salon software startup, has raised $20 million from Steadview Capital, less than three months after closing a $50 million investment led by Tiger Global.

The investment indicates continued investor interest in backing software startups based out of India which target global problems.

The company primarily provides cloud-based back-end services, including appointment booking, payroll of employees, inventory management and managing financials.

In May, Zenoti raised $50 million led by Tiger Global Management, along with existing backers Norwest Venture Partners and Accel Partners. The company has raised close to $91 million till date. “We see a lot of opportunities in terms of expanding offerings within our market, including expanding to adjacent categories like pet spa and car spa, and at the same time go deeper into our product offering by fully automating inventory, product, with more predictive algorithms,” said Sudheer Koneru, CEO, Zenoti.

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