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.
Founding year | 2010 |
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Headquarters | Bellevue, 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 |
Round | Date | Amount | Investors |
---|---|---|---|
Series A | 2015 | $6M | Accel |
Series B | 2017 | $15M | Accel, Norwest |
Series C | 2019 | $50M | Tiger Global, Steadview |
Series D | 2020 | $160M | TPG, Tiger Global |
Series E | 2021 | $99M | TPG, existing investors |
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.
Metric | Detail |
---|---|
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 |
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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This report is generated for informational purposes only and does not constitute investment advice.