Yes Madam: Home Salon Services Platform Receives Rs 50 Crore Funding

Yes Madam, a prominent home salon services platform, has successfully acquired initial funding amounting to Rs 50 crore (approximately $5.2 million) from Info Edge, led by Sanjeev Bikhchandani, during its Series A funding round. As detailed in their filing with the Registrar of Companies (RoC), the company’s board has authorised the issuance of 2,64,987 Series A preference shares at a price of Rs 1,885 each to secure the outlined funding.

Funding Details and Valuation

Info Edge, via its B8 Fund, is the sole investor in this round. Startup Superb’s evaluation estimates the company’s valuation at around Rs 750 crore, equivalent to approximately $79 million.

Planned Use of Capital

The new funds are intended for expanding into additional cities, enhancing the partner network, investing in technological advancements, and boosting the customer experience while prioritising profitability and operational efficiency. This development was first reported by Inc42.

About Yes Madam

Launched in 2016, Yes Madam is an innovative platform that provides users the ability to book beauty, salon, and wellness services, including haircuts, facials, waxing, and massages, through their app or website. The company connects clients with skilled professionals who perform these services at their domicile, generating revenue through commissions on every booking.

Operational Insights

The firm, based in Noida, asserts it manages over 3 lakh bookings monthly, operates in more than 55 cities across India, and has enlisted over 12,000 professionals thus far.

Stake Distribution

After the share allotment, Info Edge acquired a 6.67% stake in Yes Madam. Meanwhile, co-founders Mayank Arya, Aditya Arya, and Akanksha Vishno together hold a 68.61% stake in the company. Furthermore, a 10% Employee Stock Ownership Plan (ESOP) pool has been established, valued at Rs 75 crore.

Financial Performance

Though the company has not yet filed its fiscal year 2026 financials, it claims to have generated Rs 195 crore in revenue for the year ending March 2026 while maintaining profitability. In fiscal year 2025, the company’s operational revenue doubled to Rs 93 crore, achieving a profit of Rs 1.8 crore.

Market Competition

Yes Madam faces competition from Urban Company and the Bengaluru-based GetLook, as well as the new entrant Snabbit, which launched in the instant salon-at-home services sector last week.