Liquidity Events
D2C personal care co MyGlamm acquires parenting portal BabyChakra
D2C beauty and personal care startup MyGlamm has acquired Mumbai-based parenting platform BabyChakra. With this acquisition, MyGlamm will be investing INR 100 crore in BabyChakra over the next three years. As part of the deal, Naiyya Saggi, founder and CEO of BabyChakra will join MyGlamm as co-founder and president and will spearhead the mom & baby vertical while also building out the overall community vertical for the MyGlamm group.
From the Venture Intelligence PE-VC Deal Database: Between March-15 to Sep-18, BabyChakra raised over USD 3 million from Currae Healthcare Fund, RoundGlass Partners, Equanimity Investments, Artha India Venture and others.
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