Home salon and wellness services platform Yes Madam has raised ₹50 crore in its first institutional funding round, led by Info Edge Growth Fund, marking a significant milestone in the company’s expansion journey.
Founded in 2016 by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, Yes Madam has rapidly scaled to over 55 cities across India, employing more than 12,000 service professionals, the majority of whom are women. The platform currently handles around three lakh monthly bookings, a sharp rise from 70,000 monthly bookings during its appearance on Shark Tank India in 2024.
The round saw participation not only from Info Edge Growth Fund but also from prominent entrepreneurs including the founders of Redcliffe Labs, Park+, and Apna. The investment underscores growing confidence in India’s at-home beauty and wellness market, which is witnessing strong demand for convenience-led, hygienic, and digitally accessible services.
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Yes Madam has reported three consecutive years of profitability, with revenues climbing from ₹45 crore in FY24 to ₹195 crore in FY26, reflecting a 100% year-on-year growth trajectory.
The company plans to deploy the fresh capital towards:
– Expanding into new cities across India.
– Enhancing technology platforms to improve customer experience and partner efficiency.
– Strengthening operations to ensure standardized service quality.
– Social initiatives, including free education for children of service partners, reinforcing its commitment to community empowerment.
Yes Madam’s rise comes at a time when India’s home-services sector is becoming increasingly organized. Competitors such as Urban Company have paved the way, but Yes Madam’s profitability and social impact initiatives set it apart as a strong contender for leadership in the segment.
