Private Equity Fund Investments
Salon mgmt software firm Zenoti raises $80-M led by TPG
Hyderabad-based Zenoti, an enterprise cloud platform for the beauty, wellness and fitness industries, has raised an additional USD 80 million as an extension to its Series D funding round. The additional investment was led by TPG, and increased Zenoti's valuation to almost USD 1.5 billion. The company will use the fresh funds to expand its platform through forthcoming M&As, while also providing some liquidity to its employees. Zenoti is claimed to have powered over 12,000 businesses in over 50 countries. It recently expanded into the fitness industry through partnerships with CorePower Yoga and other firms.
From the Venture Intelligence PE-VC Deal Database: From Jul-15 to Dec-20, Zenoti had raised over $250-M from Steadview Capital, Advent International, Tiger Global, Avataar Venture Partners, Accel India and Norwest.
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