[Funding alert] Tiger Global leads $50M Series C funding round in Zenoti, and what this tells us about its strategy

[Funding alert] Tiger Global leads $50M Series C funding round in Zenoti, and what this tells us about its strategy

  • Zenoti, the Hyderabad- and Bellevue-based enterprise cloud platform provider for the beauty and wellness industry, announced early this morning that it has raised $50 million in a Series C round of funding led by Tiger Global Management.
  • Existing investors Accel Partners and Norwest Venture Partners also participated in the round.
  • Also read: Lee Fixel, 'unicorn' investor who backed Flipkart, quits Tiger Global after 13 yearsSo what really attracted Tiger?Globally, solutions provider for niche markets - dubbed 'vertical software' - are gaining ground, and Tiger Global is looking at them closely.
  • It is this team that works closely with the founders to constantly refine their fully customisable platform based on their learnings from different markets.


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