O’2 Nails India, India’s fast-growing consumer & fashion retail startup that specialises in nail care space, has raised an undisclosed amount in the pre-seed round of funding. The pre-seed round saw participation from leading angel investors, including Amit Singal (CEO of StartupBuddy and Fluid Ventures) and Manish Aggarwal (Partner of Fluid Ventures). They led the round along with Nitin Gupta (Founder and CEO of Etherea Coworking) and other investors.
O’2 Nails India is a nail care startup and fashion brand that operates Quick Service format boutiques in eight cities across India including Delhi NCR, focusing on the nail care market. The founders Aparna & Vikram recognised a need and supply imbalance in the nail service market of $ 500 Million early on, and 2018, they opened their first boutique to meet that demand. The brand grows their retail footprints by 200% and customer base by 10X on YoY. O’2 Nails India is having 90% female staff participation.
Speaking on occasion, Aparna Singh, CEO, O’2 Nails India said, “Amit and Startup Buddy showed immense confidence since the beginning when we won in their accelerator program way back in September 2020. They helped nurture our process and business model with their continuous involvement and suggestions. We are grateful for this seed investment, which will help us enhance our standards in our services with 100% customer satisfaction. We will use these funds for technological advancement along with retail growth by increasing our stores numbers to fifteen till March 2022.”
Talking about their investment, Amit Singal, CEO, StartupBuddy &Fluid Ventures, added, “The Indian Nail Art and Nail Care products market is growing at a tremendous pace due to surge in fashion and beauty consciousness with strong focus towards hygiene amongst women with increasing disposable income, working women and college goers that tends to stay up to date with fashion is expected to drive this market. We’re thrilled to be partnering with O’2 Nails India. With the help of the proper technology and a rapid service style boutique, they are hitting the target audience at the right time and in the right location to meet the needs of this rising business. We are quite optimistic about the industry’s growth and the rapid expansion and growth of O’2 Nails India.”
O’2 Nails India has been awarded the “Most Trusted Nail Salon Chain” consecutively in 2021 and 2022. O’2 Nails India is working towards empowering women with their franchisee concept in retail.