• About
  • Contact
Friday, May 20, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Good Glamm Group Turns Unicorn with $150 Million Funding

Good Glamm Group will use this funding amount to reinvest in product development, support data science and technology research, increase offline extension, among other things.

Anshumaan Vishnu by Anshumaan Vishnu
November 9, 2021
in News
Reading Time: 3 mins read
A A
0
Myglamm Group

Content-to-commerce conglomerate the Good Glamm Group has raised $150 million in its Series D round of funding from Prosus Ventures, Warburg Pincus and Alteria Capital. The round also witnessed participation from its present investors L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office.

With this round, Good Glamm Group invades into the much-coveted unicorn club to become the 35th unicorn of the year.

The group will use this funding for product development, technology research and offline extension. It will also continue to make investments in more beauty and personal care brands.

“This funding will ensure that across all the acquisitions we make, we are able to invest correctly,” Darpan Sanghvi, Group Founder and CEO, Good Glamm Group, told media.

According to Sanghvi, this funding is more like a battle chest for the group.

In September, the direct-to-consumer brand MyGlamm set up The Good Glamm Group, combining all its businesses — MyGlamm, POPxo and BabyChakra — under one sunshade and aspiring to buy more beauty brands with a budget of Rs 2,000 crore.

The Good Glamm Group Founders
Darpan Sanghvi (MyGlamm), Priyanka Gill (POPxo) and Naiyya Saggi (BabyChakra) The Good Glamm Group

The group, which has previously made two acquisitions, projects four more before the year ends. These are likely to add some mens’ personal care brands. In October, it stated the acquisition of Moms Co.

The Good Glamm Group holds a portfolio of proprietary beauty and personal care brands with a digital ecosystem of content, community and creator assets.

Beauty and personal care brands maintained by the Good Glamm Group include MyGlamm, MomsCo, POPxo and Baby Chakra. These brands leverage the group’s exclusive digital assets, which comprise millions of users.

It also has over 30,000 retail points of sale of the group’s flagship beauty brand, MyGlamm. According to Co-Founder Naiyya Saggi, the group plans to take this number to 100,000 shortly.

RELATED: MyGlamm Parent Good Glamm Group Buys Kalaari Capital-backed ScoopWhoop

The Good Glamm Group claims to have 150 million users, 220,000 content creators and a doctor network of 10,000. It also claims to be adding 3.5 lakh, new e-commerce customers every month, with the total transaction shooting up to 3.2 million every month.

“With a strong portfolio of D2C brands and proprietary content assets, the group is well-positioned to scale rapidly and create a large digital-first business in the beauty and personal care space,” said Vishal Mahadevia, Managing Director and India Head at Warburg Pincus.

“The Good Glamm team has paired desirable, homegrown brands with compelling content, building an incredibly engaged community and positioning them well for future growth in India and beyond,” said Ashutosh Sharma, Head of Investments, India, Prosus Ventures.

Tags: BabyChakraGood Glamm GroupMyglammPopxoScoopWhoopThe Moms Co
Previous Post

Khatabook Shuts Down its E-com App MyStore

Next Post

PharmEasy Files Draft Prospectus for ₹6,250 Crore IPO

Anshumaan Vishnu

Anshumaan Vishnu

An entrepreneur and writer who prefers to create content around startups, entrepreneurship and digital marketing. To talk more like this idea, connect on LinkedIn.

Related Posts

High street essentials founders
News

High Street Essentials Bags 40 Crore From Stride Ventures

May 20, 2022
Cars24 founder
Automobile

Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost

May 19, 2022
Ola Foods logo
Food

Ola Foods Cancels Expansion Plans, Looks To Integrate With 10-minute Grocery Delivery

May 19, 2022
Sameer Nigam PhonePe CEO
News

PhonePe To Acquire WealthDesk For Around $50 Million & OpenQ For Nearly $25 Million

May 18, 2022
Smytten Founders
News

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall
News

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
Next Post
Pharmeasy Founders

PharmEasy Files Draft Prospectus for ₹6,250 Crore IPO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple brand story BYJU Ravindran Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india Startups startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad YouTube Zomato Zomato App

Instagram

Follow Me!

Recent News

  • High Street Essentials Bags 40 Crore From Stride Ventures
  • Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost
  • Ola Foods Cancels Expansion Plans, Looks To Integrate With 10-minute Grocery Delivery

Latest News

High street essentials founders

High Street Essentials Bags 40 Crore From Stride Ventures

May 20, 2022
Cars24 founder

Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost

May 19, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.