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PRODUCT NEWS
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| Indian spa operator and consultancy receives angel investment |
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| 10 Nov 2014 . BY Helen Andrews |
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| This partnership is intended to enable Tattva Spa to scale its operations and consultancy business in the ever-expanding wellness industry / Shutterstock / Lestertair |
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Delhi-based spa chain and consultancy Tattva Spa has received angel investment from the Indian Angel Network (IAN) to expand the business and develop regional teams in second and third-tier cities.
Tattva Spa is a spa operation company that offers spa consultancy, training and management for day spas, resort spas and mobile spas. Founded in 2009 by Aditya Kaushal, Anita Kaushal, Karan Goyal and Shipra Sharma, Tattva Spa launched mobile spa services in Delhi-NCR – providing in-home spa treatments. The business evolved from this mobile concept.
The investment round was led by the IAN investor Tushar Singh, who will also join the board of the spa company – that has a network of facilities in north and north-west India.
“The Tattva team is excited about the mentorship from Indian Angel Network that comes with this investment,” said co-founder Shipra Sharma, according to vccircle.com. “We are confident that this partnership will enable Tattva to strengthen its processes and scale up fast in the fast-growing healthcare and wellness industry.”
“IAN’s philosophy has always been to invest in scalable businesses run by dedicated and passionate entrepreneurs,” said Tushar Singh.
“Tattva represents an excellent opportunity to be part of a lean, service-driven business that is focused on a growing industry of health and wellness. The team seems to have understood the service’s business model very well and we hope to work with them in creating a well-established wellness brand.”
The investment sum was not disclosed.
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| PRODUCT NEWS |
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