Yes Madam, a profitable Indian home salon platform, has raised Rs 50 crore in its first institutional funding round led by Info Edge’s B8 Fund-I to accelerate expansion and improve customer experience.
- Raised Rs 50 crore from Info Edge’s B8 Fund-I
- Serves 55+ cities with ~3 lakh monthly bookings
- Focus on expanding network, tech, and profitability
What happened
Yes Madam, an Indian home salon and wellness platform, has completed its first round of institutional funding, raising Rs 50 crore. This funding was led by Info Edge's newly launched B8 Fund-I, spearheaded by Sanjeev Bikhchandani, a notable figure in the Indian startup ecosystem. The capital influx aims to support Yes Madam's growth ambitions by expanding into additional cities, enhancing its technology and operational infrastructure, and improving customer experience.
Founded in 2016 by Mayank Arya, Aditya Arya, and Akanksha Vishnoi, Yes Madam has achieved profitability without external funding until now. The platform currently operates in more than 55 cities across India and has supported over 12,000 women service professionals. Its monthly booking volume has surged to nearly 3 lakh appointments, signaling significant growth since its feature on Shark Tank India in 2024.
Why it matters
This investment validates Yes Madam’s business model and growth trajectory in the competitive home salon and gig economy sectors. The company's consistent 100% year-on-year revenue growth over the past three years, reaching Rs 195 crore in fiscal year 2026, demonstrates strong market demand and operational efficiency. By focusing on profitability alongside expansion, Yes Madam positions itself as a sustainable platform amidst many high-burn startups.
Additionally, Yes Madam stands out for its social impact initiatives. It supports over 12,000 women professionals who earn an average gross monthly income of Rs 52,000, with top performers making up to Rs 60,000 net. The company has also launched a program to provide free education for children of its service partners, aiming to break the cycle of gig work precarity and strengthen financial security for these families.
What to watch next
Moving forward, Yes Madam will focus on expanding its operational footprint into new cities across India, aiming to broaden its market share in the fast-growing at-home wellness sector. Observers should monitor how effectively the company scales its service partner network while maintaining quality and profitability standards amid rapid growth.
Technological enhancements and customer experience improvements will also be crucial to sustaining competitive differentiation. Additionally, continued social initiatives that improve livelihoods for gig workers could reinforce Yes Madam's brand positioning and help it attract and retain talent in a fragmented labor market.