4. Beauty Artists Community Is Large And
Steadily Going Online
300,000
manicurists online
1,200,000
hairdressers online
Japan
448,000
beauty artists
23,447
beauty artists
300,000
beauty artists
South Korea Malaysia Singapore
Source: Luxasia research estimates, @Cosme estimates, Hot Pepper Beauty estimates, Statistics Korea, IRAS Singapore, Vanitee estimates, Trinity
College Estimates, Cosmoprof estimates
5. Beauty Service Market Is A High-Margin Billion-Dollar
Opportunity
Source: Statistic Korea, IBIS World, ASEAN Beauty Industry, Ministry of Commerce China (HKTDC Research)
Global Spa and Wellness Economy Monitor (2013), HKEx News, Directorate-General of Budget, Account and Statistics of Taiwan
*Malaysia estimate based on Intelligent Spa’s 2002 data of $50 mn in 2002 with 40% CAGR growth rate
Global Beauty &
Wellness Service
Market Size
(Nail, Hair, Spa, Wellness,
Fitness and others) is
estimated as
US$4Trillion+
Australia
US$4B+
Singapore
US$2B+
China
US$160B+
South Korea
US$13B+
Japan
US$20B+
Philippines
US$1.5B+
Hong Kong
US$4.5B+
Taiwan
US$1.8B+
Malaysia
US$1B+
6. Vanitee’s Proprietary Mobile-First Product
AndroidApple iOS
Search/Filter
Service Listing &
Pricing
Portfolio
Real Reviews
Real-time Chat
7. Ease To Find The Best
Beauty & Wellness Talents
Search/Filter with
Location
Make A Booking Recommend Artist
8. We Know Our Customers And What They Buy
95%
Female
US$90
Average
Order Value
52%
>$30k Income
93%
18-44
years old
23%
Consume at least 1
beauty service per
week
50%
Repeat
Customer Rate
10. 10
Strong Entrepreneurial Team
Co-founder & CEO
Douglas Gan
Founder of ShowNearby,
web hosting, online forum,
hardware trading business
companies
Responsible for vision /
strategy, product design,
PR, recruiting, fundraising
Co-founder & CTO
Peng Kong Choy
CTO at ShowNearby, Managed
Volkswagen Asia account at
Consortium Interactive Digital
Agency
Responsible for creation and
execution of technology
roadmap
Co-founder & COO
Xiao Shi Kuik
The Capital Group
Companies, CLSA Asia-
Pacific Markets
Responsible for operations,
finance, strategy, creative,
fundraising
B2B Senior Marketing
Joanne Teo
CEO, co-founder of
mefitted.com
Pricewaterhousecoopers,
Mergers & Acquisition Tax
University of Melbourne,
Masters of Law
Head of Product
Natalie Loh
Co-founder of
Crowdbeats.rocks,
Front-end web
developer,
Reading Room.
Head of Artist Care &
Happiness
Jeffrey Poh
Ops Manager at
CertisCISCO and Industry
development at Civil
Aviation Authority of
Singapore
Co-founder & Head of Mobile
Meters Ang
Founder of Tea Party Time
app. Senior Developer at
ShowNearby.
Acquisitions:
11. Experienced Investors in Tech and Beauty
Samuel Lim
CEO & Co-founder
Natasha Foong
Co-founder Board Member
Robert Yap
Chairman
Patrick Chong
CEO
Forrest Li
Founder & CEO
Kei Sugawara
CFO
12. Jetstar Asia Airlines Magazine Coverage
Insider I IN PROFILE
11
INTERVIEWSASHAGONZALES
Located in 90 acres of South-East Asia
M A R L B O R O U G H C O L L E G E M A L A Y S I A
AGreat
British
Education
Pupils are taught a British curriculum from British
educators who know the value of heritage and
tradition. For over 170 years Marlborough College
has been synonymous with a first-class British
boarding education. Now in 90 acres of South-East
Asia we offer our pupils the same opportunity to learn
and to grow from the wisdom of those who have gone
before them. We are a co-educational Preparatory and
Senior School offering an outstanding education for
pupils aged 4-18.
For details of our forthcoming Admissions Events in Singapore on 3rd
October and
Marlborough College Malaysia on 5th
October visit: w w w.m arlboroughcollege.my
star-september-2016_Layout 1 21/6/16 12:14 PM Page 1
The beauty artists
on Vanitee really
strive to make their
clients look and
feel good
IT’S A
BEAUTIFUL
LIFE
DOUGLAS GAN, CO-FOUNDER OF
BEAUTY SERVICES APP VANITEE,
SHARES HIS SUCCESS SECRETS AND
TALKS ABOUT HIS PASSION FOR THE
BEAUTY INDUSTRY
W
ondering where
you can find a great
manicurist, brow
artist or hairstylist in
Singapore? There’s an
app for that. It’s called Vanitee, and
it connects customers with the best
beauty service providers on the island.
You can save time and trouble by
choosing highly rated beauty artists,
booking salon appointments or house
calls, and paying for your services
– all through the one app.
12
Insider I IN PROFILE
Entrepreneur Douglas (second from
right), with the Vanitee team
Hire a beauty
pro quick as
a click
were many talented and
dedicated manicurists,
makeup artists, massage
therapists, and the like
out there, and I wanted
to connect them with
people who were always
looking for the best of
such service providers.
It’s not just about making
money or selling someone
a treatment package; the
beauty artists on Vanitee
really strive to make their
clients look and feel good.
QWhat’s your advice for
new entrepreneurs?
If you want to start
something, go all in or
don’t bother. Second,
ideas are cheap.
Execution is what really
matters. Third, think
about what you’ll do when
your business has grown
– you must be willing to
bring together different
kinds of people to help
you take the business to
the next level.
QWhat drives you to
come up with amazing
business ideas?
I’ve always wanted to
make an impact on the
world. I didn’t want to
stand on the sidelines
and wait for things to
happen. I wanted to be in
the centre of the action,
and to be in a position
where I could invent and
make people’s lives easier.
Some innovations have
a novelty factor, but my
innovations are, I believe,
purposeful and practical.
QWhy does the beauty
industry appeal?
Beauty is such an
interesting industry and
there are so many services
out there. It’s also that
the beauty industry is
recession proof – in a
bad economy, people
are still known to spend
money on beauty
products and services.
I knew that there
virtual salon. The average
salon in Singapore has
five beauty professionals;
Vanitee has more than
1,700, which translates to
340 salons island wide.
QHow did you come up
with the idea for it?
At the time, my partners
and I were running
VanityTrove, a social
network for people who
loved beauty products.
We noticed a gap in
the market for beauty
services and thought: you
can book a movie ticket
or a hotel room online
quite easily, but why is it
so hard to locate a good
beauty service provider?
People wanted more than
just to read reviews of
beauty salons on the net.
They wanted to know
where they could find the
best and most affordable
beauty services in their
area. It took us six months
to bring our idea to life.
Douglas Gan, co-founder,
CEO and chairman of
Vanitee, launched the app
in May 2015. Since then, it
has won multiple awards
and partnered with major
mobile applications
and banks in Singapore.
In the first quarter of this
year, it was handling more
than S$20,000 a day.
QWhat makes Vanitee
special?
Vanitee makes life easier
for Singapore-based
beauty service providers
and their customers – I
like to think of it as a huge
jetstarMAGAZINETAIWANIAUSTRALIAICHINAIVIETNAMSEPTEMBER2016
MAGAZINESEPTEMBER 2016
Sept 2016
17. What Our Users Have To Say
“After I made my booking, the app recorded my appointment under “Bookings”. I like it that they
indicated the duration of the service, and I can inform my boyfriend regarding the time to pick me
up. Also, the location and map is also provided within the app, I was able to find the shop with ease.”
Ying Jie
“After browsing through the works and artists for the new trends on eyelash extensions, i found
sweetbliss! Prices for all beauty services on Vanitee are listed clearly and all beauty artists have been
verified by Vanitee. So no worries of getting cheated by hidden charges or anything.”
Siu Yin
“Patricia was very professional and friendly. I was a little undecided on the colour and she has really
good patience with me! I am really satisfied with her service and as a Vanitee member, you get to
review your nail artist on the app.”
Michelle
“It was a refreshing experience compared to so many salons which try to push more expensive
packages onto customers.”
Michelle