MyGlamm is a beauty and cosmetics brand that initially offered on-demand beauty services and in 2017 pivoted to developing beauty products. Its product portfolio includes fragrances, skincare and color cosmetics. The article reports Good Glamm announced a $30 million strategic financing. That round was led by Warburg Pincus and Prosus, with Bessemer India and Accel Partners participating. Following the financing the company's valuation was reported at about $1.26 billion. The report does not disclose additional operating metrics or other financial details. Good Glamm Group operates a portfolio of beauty and personal care brands powered by a digital ecosystem of content, community, and creator assets. Its brands include MyGlamm, MomsCo, POPxo and BabyChakra, and it leverages proprietary platforms such as POPxo (88 million users), ScoopWhoop (100 million users), BabyChakra (20 million mothers and a network of 10,000 doctors) and Plixxo (220,000 influencers). The group combines digital reach with more than 30,000 offline retail points of sale for MyGlamm to scale both online and offline. To date the company has made acquisitions and investments totaling $270 million. The Good Glamm Group emphasizes inclusive, cruelty-free, vegan, clean and environmentally friendly products. It plans to use new funding for product development, data science and technology research, offline expansion, and to expand creator and content capabilities while continuing strategic investments in beauty and personal care brands.

Total raised

$180M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024