Spa, salon software startup Zenoti turns unicorn with $160 mn funding

Spa and salon software startup Zenoti has raised $160 million in Series D funding led by Advent International at a valuation of more than $1 billion, helping it enter the unicorn club. Existing investors Tiger Global and Steadview Partners also participated in the round. US and Hyderabad-based Zenoti joins other software-as-a-service startups Druva, Icertis and Zoho in the unicorn club.