Wahanda’s sole shareholder, Japan’s Recruit Holdings, has put another €65m behind the firm, enabling it to buy yet another European Rival.
The beauty marketplace has snapped up France’s ZenSoon, on top of five other acquisitions made this year, although the size of the buyout has not been made public.
ZenSoon is an angel-backed bookings platform that lists more than 650 venues across France.
“France is a vitally important strategic market for us as we continue to drive forward our plans to build a world-class platform and transform the way people book their hair and beauty appointments globally,” said Lopo Champalimaud, founder and CEO of Wahanda.
“The hair and beauty market in France alone is worth €11bn, with over 100,000 spas and salons. With limited funding, ZenSoon, through their truly entrepreneurial spirit, have achieved incredible growth and positioned themselves as a major player in the French market.”
The cash from Recruit will enable the company to further expand across France, Spain, Italy and Benelux.