In the recent episode of Shark Tank India, the creators of Yes Madam approached the shark panel with their new startup. Yes Madam is a tech-enabled platform that enables users to access premium salon services at their doorstep. With an ask of $180 thousand (₹1.5 Crores) for 0.5 percent equity, the founders invite the sharks to support their startup.
The founders, Aditya, Mayank, Akanksha, and Arpit, launched Yes Madam in 2016. As per the Yes Madam website, currently, they are operating in 50-plus cities in India. Also, they provide services through trained and verified professionals. All the products used for beautification are disposable and packaged for single use. This ensures that this startup offers salon services with proper hygiene care.
Additionally, their vision also includes empowering women across India and providing the highest quality salon-like services at home with a mark of excellence. Presently, Yes Madam has achieved 1 million plus bookings and app downloads. Over 3000+ professionals are working with the company across the listed cities. Interestingly, the platform provides the price breakout while booking appointments to offer transparency in prices.
After a series of offers and counteroffers, in the end, Shark Aman Gupta, Peyush Bansal, Ritesh Agarwal, and Vineeta Singh sealed the deal with the pitchers. Furthermore, the deal was locked at $180K (₹1.5 Crore) for 2 percent equity. Additionally, Sharks also mandated a 2 percent royalty until $180k is recouped.
Yes Madam on Shark Tank India Season 3: Everything you need to know
The services that Yes Madam offers are Hair Spa, Nail treatment/manicure, face bleaching, facial, waxing, and more. Furthermore, you can also check out the services on Yes Madam’s Website/App. Moreover, the service rendering partners are professionals, promising quality Salon Services at Home.
Additionally, Yes Madam services are not only limited to ladies; men can also enjoy grooming and spa services at their doorstep. Talking about its price, as per the website, the cost of the service starts at $0.072 (₹6) per minute.
Meanwhile, those who are interested can book their services through the Yes Madam app.
