Participated · Equity · Feb 2024

Carton Vert operates a circular-economy service that collects and re-employs cardboard packaging, helping companies comply with France’s CSRD and Agec regulations. The company runs three logistics hubs in La Rochelle, Lille, and Lyon and, in 2023, broadened its offer to serve both SMEs and individual customers. About twenty employees manage the sourcing, refurbishment, and resale of boxes, with revenue projected to reach €1.7 million in 2025. Management is targeting approximately €22 million in sales by 2030 and expects to reach profitability in 2028. The strong demand for reusable packaging is driving expansion plans, including relocating and enlarging the Lyon hub and adding sales staff. Carton Vert ultimately aims to scale its hub network nationwide as regulations push for 10 % reusable packaging by 2027.

Participated · Series D · Nov 2021

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.

Participated · Series D · Nov 2021

MyGlamm is a Mumbai-headquartered D2C beauty and personal care house of brands that sells primarily through its website, app and more than 30,000 retail touch points. The company pairs commerce with proprietary content and an influencer network of over 220,000 to drive discovery and sales; its POPxo content asset has grown to 88 million users. MyGlamm has pursued aggressive inorganic growth, spending about $270 million in equity and cash to acquire multiple firms and buying The Moms Co for over $65 million. The company reports EBIDTA break-even and is using new capital as a war chest to scale. Management plans international expansion in the second half of next year and aims to grow offline touch points toward 100,000 within months. The Good Glamm Group intends to file for an IPO in about two and a half years. MyGlamm is a Mumbai-headquartered D2C beauty and personal-care house of brands selling over 800 SKUs across makeup, skincare, haircare, bath & body, and personal care through its website, app and extensive offline presence. The company reports 15,000 point-of-sale touch points in India, with physical channels accounting for roughly 40% of current revenue. MyGlamm has integrated content and commerce by acquiring POPxo, which the article says serves over 60 million monthly active users and engages about 300,000 users each month; POPxo is run largely independently and aims to reach over 100 million users by March next year. The startup says it is acquiring roughly 250,000 new users each month without spending material marketing dollars. MyGlamm plans to use the fresh capital to expand product development, data science and technology research teams, grow its offline footprint and broaden POPxo’s digital reach. The founder, Darpan Sanghvi, started the company in 2017 after pivoting his prior venture. MyGlamm is a Mumbai-based marketplace that connects stylists, beauticians and nail and spa aestheticians with consumers for on-demand at-home hair, beauty, nail and spa services. Led by CEO Darpan Sanghvi, the company has launched an Artist Incubators program to train and incubate professionals before onboarding them to the platform. In September 2016 MyGlamm raised approximately $6 million in a Series A funding round. Backers in the round included L’Occitane International, Tano Capital and Brand Capital. The company intends to use the funds to expand its services across India and internationally.