17 October 2011
Wahanda raised a £3.5 million series A funding from Fidelity Growth Partners Europe
Wahanda, an online health and beauty marketplace, has secured a £3.5m Series B investment round led by Fidelity Growth Partners Europe, a pan-European venture and growth equity investor. As part of the deal Davor Hebel, a partner at Fidelity Growth Partners Europe, joins the board of Wahanda.
The funding will be used to accelerate the company’s growth in the UK and overseas. Since starting in UK in 2008, the site has become the largest health and beauty marketplace in the UK. It boasts 10 million visitors a year, 250,000 businesses listed and 5,000 exclusive health and beauty offers.
Wahanda was founded by Lopo Champalimaud and Salim Mitha, veterans of lastminute.com and Yahoo! respectively. In addition to Ambient Sound Investments the backers of the company include Brent Hoberman, founder of lastminute.com; Stefan Glaenzer, former executive chairman of last.fm and founder of Passion Capital; and Wolf Hengst, a leading figure in the hotel hospitality and spa industry and the former COO & President of Four Seasons Hotels & Resorts.
Wahanda is UK-based startup company developing a global E-commerce, content and community marketplace for the beauty, health and wellness industries. Founded by veterans of lastminute.com and Yahoo!, Wahanda is looking to revolutionize the way consumers search and book health and beauty treatments by connecting businesses, customers and therapists.
For further information, please visit: http://www.wahanda.com