Veluxe
About Veluxe
Veluxe is a company founded in 2014 was acquired by Glamsquad in July 2018.. Veluxe has raised $170 thousand across 1 funding round from investors including Glamsquad. Veluxe operates in a competitive market with competitors including Madison Reed, Glamsquad, Priv, Manicube and Glitzi, among others.
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Sectors
Business ServicesHealthcare
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Phone
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Website
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Social
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Funding Insights of Veluxe
Veluxe has successfully raised a total of $170K through 1 strategic funding round. The most recent funding activity was a Seed round of $170 thousand completed in July 2016. 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 Seed — $170,000
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First Round
First Round
(28 Jul 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2016 | Amount | Seed - Veluxe | Valuation |
investors |
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| 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 Veluxe
Veluxe has secured backing from 1 investor. Prominent investors backing the company include Glamsquad. 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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Online marketplace to discover and book hair stylist for in-home services
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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 Veluxe
| 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 - Veluxe
| 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 |
Veluxe Comparisons
Competitors of Veluxe
Veluxe 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 Madison Reed, Glamsquad, Priv, Manicube and Glitzi, 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 |
Hair coloring kits are provided via an internet-first brand.
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| domain | founded_year | HQ Location |
Online marketplace to discover and book hair stylist for in-home services
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| domain | founded_year | HQ Location |
On-demand beauty services are delivered through a mobile app.
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| domain | founded_year | HQ Location |
Manicure & pedicure services on demand
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| domain | founded_year | HQ Location |
Home beauty services are scheduled via web and mobile platform.
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| domain | founded_year | HQ Location |
At-home foot-care services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Veluxe
When was Veluxe founded?
Veluxe was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Is Veluxe a funded company?
Veluxe is a funded company, having raised a total of $170K across 1 funding round to date. The company's 1st funding round was a Seed of $170K, raised on Jul 28, 2016.
What does Veluxe do?
Veluxe was founded in 2014 as an app-based platform in the on-demand services sector, focusing on in-home beauty and fitness offerings. Services provided include blowouts, makeup, massages, personal training, and yoga, with transactions processed through the platform and subject to a commission fee. Pricing for blow dry appointments begins at 75. Operations are conducted via the domain veluxe.com, enabling user bookings for these at-home sessions.
Who are the top competitors of Veluxe?
Veluxe's top competitors include Madison Reed, Priv and Glamsquad.
Who are Veluxe's investors?
Veluxe has 1 investor. Key investors include Glamsquad.