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Zenoti’s Financials, Revenues & Funding Overview

Zenoti Logo
Introduction

Zenoti, founded by Sudheer Koneru, is a leading cloud-based software platform serving the beauty, wellness, and spa industries globally. Headquartered in Bellevue, Washington with a significant presence in India, Zenoti enables salons, spas, med spas, and fitness centers to manage their operations seamlessly, including bookings, payments, marketing, and analytics. The company has grown rapidly by providing scalable solutions that improve operational efficiency and customer experience. With continuous product innovation and strong global adoption, Zenoti is well-positioned to sustain its growth and prepare for a potential public offering in the coming years.

Company Snapshot & Financials FY24
Founding year2010
HeadquartersBellevue, WA (Global) & Hyderabad, India
Valuation~$1.5B (2023)
Total Funding$330M
Annual Revenue₹1,100 Cr (FY24)
Annual Net Loss₹50 Cr (FY24)
EBITDA Margin-8%
Employees~1,200
Funding History
RoundDateAmountInvestors
Series A2015$6MAccel
Series B2017$15MAccel, Norwest
Series C2019$50MTiger Global, Steadview
Series D2020$160MTPG, Tiger Global
Series E2021$99MTPG, existing investors
Revenue & Net Loss Trends
Revenue & Net Loss Chart
Expense Efficiency & Margins
Expense Efficiency Chart
Employee Trend & Insights
Employee Trend Chart
Strategic Growth, Plans & IPO
Latest News

Zenoti recently announced new AI-powered features for its platform and expanded strategic partnerships with major global salon chains. The company is focusing on product innovation and global market growth as it eyes potential public market entry in the future.

Overall Summary
MetricDetail
Revenue Growth▲ Revenue up to ₹1,100 Cr in FY24
Profitability▼ Net loss of ₹50 Cr
Funding▲ $330M raised across 5 rounds
Efficiency▲ EBITDA margin improved to -8%
Valuation▲ $1.5B as of 2023
Conclusion

Zenoti has established itself as a global leader in the wellness and beauty software space, combining strong technology innovation with strategic market expansion. Its continued revenue growth, improving margins, and robust product suite position it well for future profitability and IPO ambitions.

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Sources

This report is generated for informational purposes only and does not constitute investment advice.