Beauty Services Yes Madam’s Shark Tank India Journey and Beyond

Yes Madam's Shark Tank India

Three points you will get to know in this article:

  • YesMadam app has 25,000+ downloads by 2018.
  • YesMadam secured funding from 4 Shark investors for salon services.
  • YesMadam raised $181,000 and increased employee count by 111.1% to 133 by March 2024.

Shark Tank India Featured YesMadam

Yes Madam logo

YesMadam is an app that allows users to book beauty services to be performed at their home. The app offers various categories of services, such as salon treatments, massages, and grooming packages. Beauty professionals can register with the app and get paid on an hourly basis for providing these services to customers. The users of the app are charged a fixed price per minute, and the minimum booking time is set at 60 minutes.  As of January 2018, the app had over 25,000 downloads.

Founders of YesMadam

  1. Mayank Arya – Co-Founder
  2. Aditya Arya – Co-Founder
  3. Vishal Saini – CTO and Tech Head

YesMadam Secured Funding From 4 Sharks

YesMadam is a successful startup company that had a great pitch on the TV show Shark Tank.  They were able to get 4 of the Shark investors to agree to invest in their business.  YesMadam provides high-quality salon services to their customers. They focus on being a customer-centric brand, which means they put the needs and preferences of their customers first.

Sectors and Market Segments YesMadam Operate in

YesMadam provides services or products directly to individual consumers (B2C) in the flexible, on-demand Gig Economy as well as the traditional Retail marketplace.

Legal Entities YesMadam Associated With

YesMadam is associated with one legal entity called NOTION ONLINE SOLUTIONS PRIVATE LIMITED. This company was incorporated on December 12, 2016. As of March 31, 2023, the company had a revenue of 283 million, a net loss of 6.36 million, and employed 541 people.

Funding YesMadam Raised Till Date

YesMadam has raised a total of $181,000 in funding over 1 round of investment. The company’s latest funding round was an Angel round, which occurred on February 16, 2024. This round raised $181,000 and involved 4 investors, who were led by Aman Gupta, Vineeta Singh, Peyush Bansal, and Ritesh Agarwal.

Investors in YesMadam

Peyush Bansal and 3 other investors are the angel investors in the company.

Employees YesMadam have

YesMadam is a company that has 133 employees as of March 24th. This employee count represents a 111.1% increase from the previous year’s March 23rd numbers. So the total number of employees at YesMadam has more than doubled over the past year.

Competitors of Yes Madam

YesMadam is the second-largest player in a highly competitive market with 144 other companies. The industry has seen significant investment, with 4 funded competitors and 2 exits, and a total of $104 million raised across 21 funding rounds and 177 investors. Additionally, 2 companies in this competitive set have been acquired.

Top Competitors of Yes Madam

  • Makeo
  • Belita
  • Getlook

Aspiring entrepreneurs from across India come to Shark Tank India to present their innovative ideas and business models, hoping to secure the investment needed to take their startups to the next level.

Manvendra Hada

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