Seattle and Hyderabad-based ManageMySpa, a software solution startup founded by Silicon Valley returned serial entrepreneur Sudheer Koneru, has raised $6 million in series A funding from Accel Partners. The funding is among the largest series A funding done solely by Accel, which usually invests $1-2 million at that stage.
Founded in 2010, ManageMySpa is a web-based software for service industries including spas, salons, medical spas, cosmetology clinics, fitness centers, slimming centers etc.
Sudheer co-founded ManageMySpa along with Dheeraj Koneru and Saritha Katikaneni.
ManageMySpa is essentially a software as a service (SaaS) startup offering point of sale (billing), appointment book, inventory, employee management, marketing, customer loyalty, reporting and a complete mobile solution.
Prior to co-founding ManageMySpa, Sudheer was holding a position of Director at Microsoft based out of headquarters in Seattle, Washington. Before ManageMySpa Sudheer has also co-founded and helped grow a successful chain of health clubs and spas, Latitudes Health Club and Tangerine Spas, along with his ManageMySpa co-founder Dheeraj. It is during this year of his experience of managing spa business they realized that the industry lacked software that was reliable, easy to use, and supported the whole eco-system of operational tasks in a spa and salon.
ManageMySpa is now 120 people strong company headquartered in Seattle, USA and has 7 offices globally, in the cities of Seattle, Sydney, Jakarta, Kuala Lampur, Manila, Hyderabad, and Dubai. It competes with global players such as Mindbodyonline, Spabooker and Millennium.
The company’s solution is now used by over 2,000 spas and salons in India and over 5,000 overseas, with clients in over 32 countries. In India it has clients such as Kaya Skin, Enrich Salons, O2 Spas and Blush Clinics.
Prior to ManageMySpa, Accel has also led the investment in other software as a service (SaaS) companies such as FreshDesk and Hotelogix.