Source: Business Insider
Summary
Fresha, a beauty and wellness booking marketplace, has raised $80 million in investment from KKR’s Next Generation Technology Growth fund. The funding round was led by KKR’s growth equity arm. Fresha plans to use the investment to expand its services and grow its user base. The company has not disclosed its valuation. Fresha allows users to book appointments with beauty and wellness professionals in their area.
Our Reading
The announcement sounds ambitious.
Fresha raises $80 million from KKR to expand its booking marketplace. Because what the world really needed was another way to book a haircut online. The company promises to use the funding to grow its user base, because that’s what companies do with investment money. Fresha is just the latest example of a company trying to disrupt the beauty and wellness industry with technology. It’s a space that’s been disrupted before, and will likely be disrupted again.
Author: Evan Null
