Fidelity backs £3.5m round for Wahanda

The firm, which is headed by veteran entrepreneurs from lastminute.com and Yahoo! also has the backing of a number of business angels.

Funding will be used to bolster the firm's growth, both in the UK and abroad. Fidelity said it was impressed with the presence the firm had built in a short space of time.

Company
Wahanda is an online marketplace for health and beauty products and services. The site enables users to learn about health, beauty and wellness, search for and book treatments and then share reviews and recommendations with other users.

The London-based firm was founded in 2008 by Lopo Champalimaud and Salim Mitha, ex-lastminute.com and Yahoo! respectively. Today it has more than 10 million consumer visits to its website per year and 250,000 businesses listing their services.

People
Davor Hebel, partner, represented Fidelity and will join Wahanda's board.

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• UK / Ireland
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• United Kingdom