Naturals Salon scraps PE fund raise plan, to expand through franchisee route

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Tamil Nadu-based Venus Spa and Salon Pvt Ltd, which runs a chain of beauty salons under the brand Naturals, has scrapped its proposed plan to raise private equity funding of around Rs 100 crore ($18 million), a top company executive told VCCircle.“At present, we have 10 per cent company owned ......