Bodycraft Raises ₹120 Cr; JustAI Secures $17M

In a significant move for India's rapidly expanding beauty and wellness sector, Bodycraft has successfully closed a ₹120 crore Series A funding round. The investment was led by Singularity AMC, marking the company's first major capital infusion in nearly nine years. This substantial backing is earmarked for aggressive expansion, with plans to launch 30 new locations. Beyond physical growth, the funds will also be directed towards enhancing clinical technology, integrating AI for operational efficiencies, and elevating the overall customer experience.

The clinical aesthetics market in India is experiencing robust growth, projected to surge from an estimated $2 billion in 2024 to over $7 billion by 2033. Bodycraft, founded in 1997 by Manjul Gupta, operates 67 outlets across 33 clinics and 34 salons in over 10 cities. The company employs both company-owned and franchise-owned models, positioning it well to capitalize on the increasing consumer demand for advanced aesthetic treatments and wellness services.

In parallel, the MarTech space saw JustAI, an AI-powered marketing personalization platform, secure over $17 million in its Series A financing. This round was spearheaded by Base10 and included participation from prominent investors such as Y Combinator, Peak XV Partners, and a notable group of strategic individuals, including growth leaders from Anthropic and Chime, the CTO of HubSpot, and the founders of Eppo and Vapi. Founded by Neha Mittal and Jeff Hara, JustAI leverages reinforcement learning and agentic AI to automate marketing decisions, claiming to have facilitated over 600 million marketing decisions and generated more than $100 million in customer revenue last year for clients like Coursera and ClickUp.

The proceeds from JustAI's funding will fuel the expansion of its engineering capabilities, bolster its go-to-market strategies, and enhance its e-commerce functionalities. The platform's ability to drive significant revenue through AI-driven personalization highlights a key trend in digital marketing, where sophisticated AI solutions are becoming indispensable for competitive advantage.

Further diversifying the investment activity, SaffronStays, a platform managing holiday homes, raised $3.5 million in a round led by Infinity Ventures, with additional support from family offices and a partial secondary sale by existing investor Sixth Sense Ventures. Founded in 2015, SaffronStays manages over 450 properties and has maintained profitability for four consecutive years, with direct bookings accounting for nearly 70% of its revenue. The company plans to use these funds to explore new destinations and strengthen its technological infrastructure.

In the burgeoning spacetech sector, QOSMIC garnered $3.3 million in seed funding from a strong syndicate including Prosus, Accel, and South Park Commons. The startup is developing critical optical communication infrastructure to address the escalating challenge of transmitting vast amounts of satellite data. The capital injection will support the expansion of its manufacturing, integration, and testing facilities, alongside growing its engineering teams.

Additionally, Ikin Global, an IoT smart lock provider for logistics, secured $2 million in a Pre-Series A2 round from Unicorn India Ventures, Callapina Capital, and AWE Funds. The company, which serves major clients like Amazon, Swiggy, and Flipkart, has seen substantial growth in deployments, expanding from 2,500 to 10,000 trucks in the past year. Funds will facilitate international expansion into the US, Europe, and West Asia.