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Mayvenn
Beauty services and wigs
- 201-500 employees
- Retail
- B2B
- Lifestyle
- Beauty
- Wellbeing
- eCommerce
- El Cerrito, CA
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Company mission
To provide high quality beauty products with an unparalleled shopping experience.
5% employee growth in 12 months
Our take
Wearing wigs and extensions has now become mainstream, with no shortage of celebrity advocates including Beyoncé, Zendaya, and Kim Kardashian all customers in the $6 billion US market for human-hair extensions.
Mayvenn is a human-hair company reaping the rewards of this trend and has seen a surge in its own growth largely thanks to its bundled offering of both hair and an installation service for the price of one. Mayvenn has a directory of over 50,000 of skilled stylists trained to install wigs and weaves, which the company pays for instead of the customer.
While this certainly eats into the company’s revenue, paying out more than $35 million to its stylists, it proves to be a successful business model, with millions of customers served. The free installation aspect also helps set Mayvenn apart from challengers such as AliExpress, who are known to undercut the price of human hair by 80%.
The company's unprecedented partnership to bring its tech-enabled, physical beauty experiences into Walmart's across the country has Mayvenn well-set to be accelerated expansion.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Employee discount on Mayvenn products
- 401(k) with company match
- Flexible Spending Account and Commuter Spending Account
- Paid sick leave
- Paid holidays
Funding (last 2 of 3 rounds)
Jul 2022
$40m
SERIES C
Nov 2018
$23m
SERIES B
Total funding: $73m
This company has top investors
Leadership
Diishan Imira
(CEO)Studied at the Sorbonne in Paris before receiving an MBA from Georgia State University. Started out as a teacher, and then founded Imira, Inc., an import and sourcing agency, in 2005. Was a Consultant at Ernst & Young.
Taylor Wang
(Founder)Studied at Berkeley and UC Davis. Founded online promotional company Groop Swoop in 2009. Is a Network Founder at 500 Startups.