Recruit took an 80% stake in the hair and beauty marketplace, buying out all other investors for $171m, and provided $46m in series D funding for Wahanda's expansion.
Human resources firm Recruit Holdings provided $46m in series D funding for UK-based hair and beauty marketplace Wahanda on Friday, and bought out all the company’s other external investors for $171m.
Recruit acquired a majority stake of 80% in the company, up from a previous 10%. Wahanda’s management team retains the remaining share. The acquisition values Wahanda at approximately $222m.
Founded in 2008, Wahanda operates an online platform that enables consumers to book appointments at more than 12,000 beauty salons…
