Friday, September 25, 2015

Singapore's #1 beauty app Vanitee raises $2 million

Vanitee, Singapore’s fastest-growing app to find & book beauty services, has received a $2 million shot in the arm to boost its business expansion. This first round of financing for the four-month-old start-up comes from luxury fragrance and cosmetics company Luxasia Group and angel investor Robert Yap, the executive chairman of supply chain management company YCH Group and a veteran in the logistics industry known for his smart use of technology to gain a competitive edge.

Douglas Gan, co-founder and CEO of Vanitee said: “We are in the business of helping people look and feel good, and nobody knows this better than Luxasia with its commanding 19-year leadership in this industry. We are excited and humbled by Luxasia’s interest in us - which will open doors for us to collaborate with the leading beauty brands of the world.”

In just four months since its debut in May 2015, Vanitee has quickly grown to become the leading marketplace here to discover and book appointments with independent nail and make-up artists, hair stylists and other beauticians. It has signed up over 400 beauty and wellness providers and commonly clocks 70 bookings worth over $3,300 in transaction value in a given hour during peak timings.

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