Yes Madam raises Rs 50 crore in its maiden institutional funding round.
India’s fast-growing home services market has attracted fresh investor attention, with home salon startup Yes Madam being the latest beneficiary. The Noida-based startup has raised Rs 50 crore in its first institutional funding round from Info Edge through its B8 Growth Fund.
The funding marks a significant milestone for a company that has operated largely bootstrapped since its founding in 2016. Founded by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, Yes Madam built its business without institutional capital for nearly a decade and currently operates across more than 55 cities, processing over 3 lakh bookings every month.
The platform connects users with trained professionals for at-home beauty and wellness services. Unlike many venture-backed consumer startups, Yes Madam has positioned itself as a profitability-focused company and intends to continue maintaining operational discipline even as it scales.
Info Edge has reportedly acquired roughly 6.67% stake in the company through the transaction, valuing the business at around Rs 750 crore post-money. The investment signals growing institutional confidence in India’s professionalised home-services ecosystem.
Source:
Startup Chronicle
