You are here: HomeTechnologyFabogo a leading glam-tech startup introduces 0% commission for transactions model

Fabogo a leading glam-tech startup introduces 0% commission for transactions model

Published in Technology Tuesday, 06 February 2018 14:41

 

 

Pune based leading online discovery platform for salons аnd spas, Fabogo has decided to forego commissions for their recently introduced transactions model.

 

Fabogo expect this move to help them achieve a high penetration in the merchant side, as most salon & spa venues would be now encouraged to bring their businesses online and start selling their services and packages on Fabogo.

 

Fabogo claims that this would drive a certain transparency in both price & quality of service for the customers, which in turn will have a positive impact on their overall experience.

 

Prasanjeet Roy, Co-founder & CEO, Fabogo says, “End of the day, regular people are looking for a simple and convenient way to find and buy a beauty & wellness service which suits their needs, without the worry of being up-sold, or receiving a sub-standard treatment, or being a victim to a sub-standard beauty product.”

 

As per research conducted by AOL & The Today show, the average woman spends over 55 mins a day thinking about her body and looks. On the other hand, through an internal study conducted amongst it’s users, Fabogo learnt that, they only visit a salon or spa twice a month.

 

Fabogo claims that, two issues which plagues the customer's experience which then results in fewer visits to the salon or spa are - price uncertainty and service quality uncertainty.

 

“In spite of there being a strong intrinsic desire to look good and to pamper ourselves, the big challenge that lies in front of us is - How does this person even find the right service, which suits his/her need at the right price? Speaking to multiple venues over the phone and asking a bunch of queries, is not just intrusive but also cumbersome in nature.” says Roy. “In order to facilitate the growth of this industry, we first have to facilitate effective search & discovery for the user , and then make it simple for him/her to buy that service, with no strings attached.”

 

This move is part of a key strategy adopted by Fabogo to fulfil its vision, to bridge the gap between the merchants and their customers, in the beauty and wellness space. It comes with immediate effect, in both India and UAE, where Fabogo is present.

 

 

Leave a comment

Market Data

Magazine

Business Digest January 2018

Current Issue

Previous Issues

Editors Pick

GAIL fast-tracks work to feed gas to Pradhan Mantri Urja Ganga pipeline

GAIL fast-track...

 GAIL places order of Rs. 440 crore for ...

  Mercedes-Benz introduces India’s first ‘BS VI compliant - Made in India’ vehicle

Mercedes-Benz...

 Mercedes-Benz India fulfills its promis...

Ethiopian Airlines intends to be seen more in India soon

Ethiopian Airli...

                                        ...

CEL, BITS Pilani Goa announces  WINCITE’18 competition

CEL, BITS Pilan...

CEL, BITS Pilani Goa Campus aimed at nur...