Yes Madam, an at-home salon startup, has raised ₹50 crore in its maiden institutional funding round from Info Edge Growth Fund, according to inc42.com. The investment will support the company’s expansion into new Indian cities, technology upgrades, and enhancement of its partner network and customer experience.
Founded in 2016 by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, Yes Madam offers salon and spa services for both men and women, with waxing and facials as key offerings. The company operates through a network of over 12,000 partner providers and uses a low commission model to enable partners to earn between ₹25,000 and ₹60,000 monthly. It has completed over 65 lakh bookings since inception and currently serves around 7 lakh bookings monthly across 55 cities. The startup was bootstrapped until now and claims profitability.
The funding comes as Yes Madam reported a revenue of ₹195 crore in FY26, more than doubling from ₹94 crore in FY25, with an expected growth in EBITDA. The company’s approach of separating service and product costs and using own-branded mono-dose products aims to maintain pricing transparency and customer trust. Its net promoter score stands at 50%, with customer retention close to 80%, highlighting strong market acceptance.
Yes Madam plans to use the fresh capital to accelerate its presence in new markets, deepen its partner network, and enhance its technology stack and customer experience, according to inc42.com. The startup’s next milestones will likely focus on scaling operations and maintaining profitability while expanding its footprint across India.