JCB Salons is a global premium salon chain with operations in Mumbai, Pune and Bangalore. The company raised ₹40 crore ($4.8M) from alternative credit platform BlackSoil and has used the funds to acquire Spalon to expand into South India. The capital will also be deployed for working capital and to create operational efficiencies across the group. Spalon is a premium spa and salon brand with over 27 branches across Southern India and will be integrated into JCB’s portfolio. JCB says it aims to combine its global expertise with Spalon’s domestic-market understanding to tap West and South India markets. The company cited a projected Indian beauty market of roughly $580 billion by 2027 with about 6% annual growth as supporting the opportunity.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024