Helion Ventures Invests 20 Crores in Beauty Chain, You Look Great
Helion Venture Partners has invested Rs. 20 crores in You Look Great beauty salon chain.
You Look Great is targeting the unstructured salon market and currently runs 8 salons in Bangalore. The salon offers membership services as well as personalized services.[via]
Other organized players in this business include Kaya Skin Clinic, VLCC and LimeLite.
This is not the first retail investment from Helion – they earlier invested in HummingBird, service apartment operator.
About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
But...
What an investment sirji.
helion made money from internet startup but shying away from investing in startups that need investment.
Shame on helion
Shame ? Internet startups need a business, eventually. There’s real biz here, add the internet (which is, at the end of the day, a channel for communication/service delivery, not an end in itself!) on top of this. I think this is a decent bet, and will help that particular industry grow bigger.
maybe they should start investing in politicians also ..i am sure they will make a huge ROI .(seems that the only thing they care for anyways)
I think its a decent bet too ( agree with Sameer). No point putting all eggs in the same basket.