PE Fund Investments
D2C personal care products focused Good Glamm Group raises $30-M bridge round
Delhi-based content-to-commerce company The Good Glamm Group has raised INR 245.5 crore (about USD 30 million) in a bridge round from the existing investors via a rights issue.Good Glamm will issue 1,832 preference shares at INR 13,40,000 each. The group has been valued at around USD 1.26 Billion post this transaction.Warburg Pincus led the round with INR 129 crore while Prosus invested INR 95.73 crore. Bessemer India and Accel India also participated with INR 12.46 crore and INR 8.31 crore, respectively. Good Glamm will use the proceeds to meet the working capital requirements.Founded by Darpan Sanghvi, and later joined by Priyanka Gill and Naiyya Saggi, the Good Glamm Group has a portfolio of direct-to-consumer beauty and personal care brands, powered by a digital system of content and creator assets.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
