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Bodycraft Clinic and Salon, a clinic-and-salon platform spanning beauty, wellness and medical aesthetics, on Wednesday announced it has bagged INR 120 crore in funding from Singularity AMC, a Mumbai-based private equity firm focused on growth-stage and pre-IPO investments in India.
Quest Profin Advisors Pvt. Ltd. acted as the exclusive investment banker to Bodycraft on the transaction, while ALMT Legal, Advocates & Solicitors served as legal advisors. The company says it will use the capital for its next phase of expansion across India as demand for organised beauty, wellness and aesthetic care services continues to grow.
Founded in 1997 by Manjul Gupta, Bodycraft operates 67 premium wellness and medical aesthetic clinics and salons across the country and plans to add 30 more new locations with the fresh capital.
It will also invest in clinical technology and equipment, strengthen management and operations, improve efficiency through AI and enhance customer experience across the network.
“This fundraise marks the beginning of an exciting new chapter for Bodycraft. The capital from Singularity will enable us to accelerate expansion, deepen our clinical and technological capabilities and continue investing in the talent and infrastructure required to build a category-leading business. Our ambition is to create the most trusted destination for beauty, wellness and medical aesthetic services in India, while delivering exceptional outcomes for our customers,” Sahil Gupta, CEO, Bodycraft Clinics and Salons, said in a statement.
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