Private Equity Fund Investments
D2C beauty brand MyGlamm raises $150-M; turns unicorn
Mumbai-based Good Glamm Group, the parent firm of direct-to-consumer beauty brand MyGlamm, has raised USD 150 million in a Series D financing round from Prosus Ventures and Warburg Pincus, making it the latest Indian Unicorn startup. The new round, which saw participation from Alteria Capital and existing investors L'Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office, values the four-year-old startup at USD 1.2 billion post-money - marking a 12x surge from its USD 100 million valuation this March. MyGlamm was valued at USD 300 million in July, when it extended and closed its Series C financing round. Its parent firm operates as a house of brands in the beauty and personal care spaces. It sells the vast majority of its products from its own website, app and over 30,000 retail touch points. MyGlamm, which last month acquired D2C mother and baby care brand The Moms Co for over USD 65 million, is finalizing talks to acquire another four brands that it expects to close by the end of this year.
From the Venture Intelligence PE-VC Deal Database: Between Nov-15 and Jul-21, MyGlamm raised nearly $97-M from Stride Ventures, Wipro Ventures, Trifecta Capital, Amazon, Ascent Capital, Bessemer, Accel India, Chiratae Ventures, Kalaari Capital, Tano Capital (fully exited), and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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