Yes Madam founders in a busy open-plan office discussing expansion plans.
New Delhi – At-home salon and spa services provider Yes Madam has announced the closure of its maiden institutional funding round, securing ₹50 Crore (approximately $5.2 million) from the Info Edge Growth Fund. The capital infusion is earmarked to accelerate the startup’s expansion across new Indian cities, enhance its technological infrastructure, and bolster its partner network and customer experience.
Founded in 2016 by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, Yes Madam specializes in providing salon and spa services for both male and female customers directly at their homes. The company’s core offerings include waxing and facials, supported by a network of over 12,000 service providers. Yes Madam operates on a low commission model, enabling its partners to achieve average monthly earnings of ₹25,000, with top performers reaching up to ₹60,000. The startup differentiates itself through the use of proprietary mono-dose products for single-use applications and a transparent pricing structure that separates service and product costs.
Currently operational in approximately 55 cities, Yes Madam reports fulfilling around 7 Lakh bookings monthly and has achieved over 65 Lakh bookings since its inception. The company claims a net promoter score (NPS) of 50% and a customer retention rate close to 80%. Prior to this funding, Yes Madam was bootstrapped and reported profitability, with revenues reaching ₹195 Crore in FY26, a significant increase from ₹94 Crore in FY25. EBITDA was projected to grow 368% year-on-year in FY26 from ₹2.6 Crore in the previous fiscal year, with a reported profit of ₹1.8 Crore in FY25.
Revenue streams for Yes Madam include service commissions, product sales, and training fees. The company aims to further growth through increased sales of its private label products and beauty devices. Strategic expansion into the GCC and Southeast Asian markets is also planned for the future.
Yes Madam operates in a competitive landscape that includes established players like Urban Company and emerging startups such as GetLook, Swagmee, and GlamCode. This funding round from Info Edge Growth Fund positions Yes Madam to further solidify its market presence and pursue its growth objectives.
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