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Tiger Global Leads $50 Mn Series C Round In SaaS Startup Zenoti

Tiger Global Leads $50 Mn Series C Round In SaaS Startup Zenoti

  • Zenoti has raised $50 Mn in a Series C funding round led by Tiger Global Management.
  • According to the company, India makes only 20% of its market, however, the US makes it up to 50%.
  • In a December 2016 report, FICCI estimated the Indian wellness industry would grow at a CAGR of 12% to achieve a $23.4 Bn (INR 1.5 Tn) turnover by 2019-20.
  • Another report claimed that the Indian beauty industry was looking towards a market value of $12.4 Bn (INR 80,000 Cr) by 2017-2018 and is expected to grow at the rate of 15% to 20%.
  • Inc42 DataLabs suggests that in the period between January 2014 and June 2018, Indian SaaS startups raised $2.79 Bn across 520 deals.


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