About Solastaa
Solastaa is a company based in Kalyan (India) founded in 2021 by Drishti Ramchandani.. Solastaa has raised $215.54 thousand across 1 funding round from investors including Vinod Javahirlal Kakaria and Sandeep Kothari. The company has 1 employees as of April 02, 2024. Solastaa operates in a competitive market with competitors including Naturals, YLG, Glam Studios, IHHR Hospitality and Lakme Salon, among others.
- Headquarter Kalyan, India
- Employees 1 as on 02 Apr, 2024
- Founders Drishti Ramchandani
- Stage Minicorn
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Solastaa Hair & Skin Private Limited
- Date of Incorporation 05 Apr, 2021
- Jurisdiction Kalyan, Maharashtra, India
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Annual Revenue
$77.31 K (USD)0as on Mar 31, 2022
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Net Profit
$-49.42 K (USD)0as on Mar 31, 2022
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EBITDA
$-41.65 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$215.54 K (USD)
in 1 rounds
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Latest Funding Round
$215.54 K (USD), Angel Round
Jun 30, 2022
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Investors
& 1 more
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Employee Count
1
as on Apr 02, 2024
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Funding Insights of Solastaa
Solastaa has successfully raised a total of $215.54K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $215.54 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $215,536
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First Round
First Round
(30 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Angel Round - Solastaa | Valuation | Vinod Javahirlal Kakaria |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solastaa
Solastaa has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Vinod Javahirlal Kakaria and Sandeep Kothari. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VJ
Vinod Javahirlal Kakaria |
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Founded Year | Domain | Location |
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SK
Sandeep Kothari |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solastaa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solastaa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solastaa Comparisons
Competitors of Solastaa
Solastaa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Naturals, YLG, Glam Studios, IHHR Hospitality and Lakme Salon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Beauty care services for hair, skin, and makeup are provided.
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| domain | founded_year | HQ Location |
Chain of salons with their own brand of beauty products
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| domain | founded_year | HQ Location |
Salon appointments for beauty services are booked online by location.
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| domain | founded_year | HQ Location |
Beauty and spa services are provided by IHHR Hospitality.
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| domain | founded_year | HQ Location |
Provides comprehensive skin care treatments through professional salon services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Solastaa
When was Solastaa founded?
Solastaa was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Solastaa located?
Solastaa is headquartered in Kalyan, India. It is registered at Kalyan, Maharashtra, India.
Is Solastaa a funded company?
Solastaa is a funded company, having raised a total of $215.54K across 1 funding round to date. The company's 1st funding round was a Angel Round of $215.54K, raised on Jun 30, 2022.
How many employees does Solastaa have?
As of Apr 02, 2024, the latest employee count at Solastaa is 1.
What is the annual revenue of Solastaa?
Annual revenue of Solastaa is $77.31K as on Mar 31, 2022.
What does Solastaa do?
Solastaa was established in 2021 in Kalyan, India, focusing on the beauty services sector. Operations are centered in this location, where various beauty treatments and consultations are delivered to local clients. The company is led by founder Drishti Ramchandani. Services encompass standard beauty care procedures, with emphasis placed on accessibility within the Indian market. No expansions beyond the founding region have been noted.
Who are the top competitors of Solastaa?
Solastaa's top competitors include Naturals, Glam Studios and IHHR Hospitality.
Who are Solastaa's investors?
Solastaa has 2 investors. Key investors include Vinod Javahirlal Kakaria, and Sandeep Kothari.
What is Solastaa's valuation?
The valuation of Solastaa is $12.7M as of Jun 2022.