Good Glamm Group Raises $ 150 Million in Series D Funding

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Content-to-commerce conglomerate The Good Glamm Group has raised $ 150 million in its D round of funding, comprising both primary and secondary sales, co-led by renowned tech and capital investors. investment Prosus Ventures (Naspers), Warburg Pincus with the participation of Alteria Capital and existing investors L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office. With the fundraising, The Good Glamm Group now has a valuation of $ 1.2 billion.

The Good Glamm Group will use its latest funding to invest in product development, support data science and technology research, increase offline expansion, fund working capital requirements while expanding content creation capabilities and the digital reach of POPxo, Plixxo, BabyChakra and ScoopWhoop. The Group will also continue to invest in more beauty and personal care brands.

“Entering the Unicorn Club marks the first day for all of us at the Good Glamm Group. And we couldn’t be more excited and privileged to embark on the 1 to 10 journey, with Prosus and Warburg bringing incredible strength and experience to our business, ”said Darpan Sanghvi, Group Founder and CEO of Good Glamm Group.

“Being part of the Good Glamm Group is a great opportunity and a privilege as we become the largest Indian beauty and personal care company DTC. Now, with Prosus Ventures and Warburg Pincus as investors and partners, we are perfectly positioned to scale even faster and fulfill our mission, ”added Priyanka Gill, Co-Founder of Good Glamm Group, of the new funding round.

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

“We are very excited to partner with the Good Glamm Group to disrupt the beauty and personal care industry and this marks our first investment in the DTC category. The Good Glamm team has paired desirable local brands with compelling content, creating an incredibly engaged community and positioning them well for future growth in India and beyond, ”said Ashutosh Sharma, Investment Manager, India, Prosus Ventures.

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