BigStylist, an India beauty care O2O platform, plans to collect $400 million through financing

BigStylist, an India beauty care O2O platform, plans to collect $400 million (about RMB 27.6 million) in a new round of financing and these funds will be used for the research and development of own-brand beauty products for this platform. It is reported in the Hindu Business Line that the estimated value of BigStylist is expected to reach 1.5 billion rupees (about RMB 150 million) after the closure of this round of financing.

 (Screenshot taken from the official website of BigStylist)
 
BigStylist was founded in 2015, and the platform services are currently only opened to Mumbai and Pune, India. The door-to-door service coverage includes waxing, facial care, manicure, foot care, massage, bride makeup, hair coloring, haircut and so on. The platform provides three payment methods, i.e. cash payment, India payment platforms of Paytm and PayUMoney.
In the future, BigStylist will launch new service items, beauty brands and some health care products. Furthermore, the market will also be expanded to Hyderabad, Ahmedabad and Delhi.
Up to now, the company received $2 million (about RMB 13.80 million) from the seed round and Pre-A round of financing. Since its inception, BigStylist has received 50 million rupees (about RMB 5.115 million) of revenues, and it is expected that the revenues will reach 4.5 billion rupees (about RMB 460 million) in the next five years.