Synopsis
Home salon platform Yes Madam secured Rs 50 crore in its first institutional funding. Info Edge's B8 Fund-I led the investment. The funds will fuel expansion into new cities, strengthen service partner network and enhance technology and customer experience. Founded in 2016 by Mayank Arya, Aditya Arya and Akanksha Vishnoi, Yes Madam has been bootstrapped and profitable till now, according to its press release.Listen to this article in summarized format
The company said the funding will be used to expand into more cities, strengthen its service partner network, improve technology infrastructure and enhance customer experience while continuing to focus on profitability and operational efficiency.
Founded in 2016 by Mayank Arya, Aditya Arya and Akanksha Vishnoi, Yes Madam has been bootstrapped and profitable till now, the startup said in a press release. It currently operates in more than 55 cities and claims to have supported over 12,000 women service professionals so far.
The platform is now handling nearly 3 lakh bookings every month, a sharp increase from around 70,000 monthly bookings when it appeared on Shark Tank India in 2024, it said.
Yes Madam also said it has recorded 100% year-on-year growth for the past three years while remaining profitable. Revenue rose to Rs 195 crore in FY26 from Rs 94 crore in FY25 and Rs 45 crore in FY24.
“With this, we are paying back to the partners who led us here, announcing free education for children of service partners who can’t afford it,” said Aditya Arya, cofounder and chief executive of Yes Madam. “This will help break the cycle of the gig economy for thousands of women and secure the futures of these families,”
According to the company, professionals on the platform earn an average monthly gross income of Rs 52,000, with take-home earnings of around Rs 25,000.
Top-performing professionals can earn between Rs 50,000 and Rs 60,000 in monthly net income.
“My vision has always been to build a platform that customers can rely on for high-quality beauty and wellness services at home. This investment allows us to strengthen that foundation,” said cofounder Mayank Arya.
