The startup aims to use the funds to expand throughout Egypt and penetrate the Gulf market.
Glamera, an Egyptian health and beauty booking service startup just closed an investment round of $250,000 led by undisclosed Saudi Arabian investors. The startup plans to use the capital to expand throughout Cairo, Alexandria over the next few weeks, and the GCC market by the first quarter of 2020. The startup will also push their efforts to streamline their service to double the number of customers and users.
The platform launched its beauty booking services including over 200 contacted providers in Egypt covering a variety of sections such as beauty salons and clinics, spas and gyms with top-quality service standards.
“This $250,000 Saudi investment came within the first round of business acceleration. This round is one stage of a clear and ongoing financing plan towards the achievement of Glamera’s vision of being the future of women’s lifestyle. The vision is to direct women to beauty through easy, intelligent and interactive mobile application with a wide geographical coverage,” says Mohamad Hasan, CEO of Glamera.
Initially launched in July covering only four zones in Cairo’s Nasr City, Sheraton, Al-Nozha and Heliopolis, the mobile-based application managed to gather around 20,000 downloads and over 1000 bookings in the first month.
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