“Nearly 50% of CoFounder Circle’s equity will belong to the community; from CoFounder Circle employees and the ecosystem on CoFounder Circle to ex-Good Glamm stakeholders and employees with vested ESOPs,” he said in a LinkedIn post.
Earlier Moneycontrol had exclusively reported that the startup has put at least three of its portfolio brands up for sale – Sirona, The Moms Co and Organic Harvest
In an interview with Moneycontrol, Darpan Sanghvi talks about the legal notice, IPO plans for 2025, turning profitable, organisational restructuring, global expansion strategy and more.
The startup has also launched an Entrepreneur in Residence program and a GlammSOP program for accelerated vesting of ESOPs during the IPO.
The Good Glamm Group expects this new launch to bring international business accounting for 25 percent to 35 percent of its total group revenues by the end of next year, founder Darpan Sanghvi told Moneycontrol.
Last week, the company raised a bridge-round of around $25-30 million led by Warburg Pincus, Prosus Ventures and Accel, according to regulatory filings sourced from Tofler.
Founded by the team behind Youtuber Nas Daily, Nas.io’s software integrates with WhatsApp, Telegram and Discord to help with user's community needs
The Good Glamm Group expects a revenue run rate of Rs 100 crore in the next one year from this new men’s grooming category.
With this, the beauty and personal care unicorn will increase its stake to 100 percent in both brands. The company has started consolidating acquired businesses as it eyes profitability by FY24.
In this 100 percent acquisition deal, Bulbul’s founder Sachin Bhatia has been appointed as the CEO of The Good Creator Co.
The Good Glamm Group now uses Delhivery's full suite of supply chain solutions, including warehousing and transportation for part-truckload freight, full-truckload freight, and last-mile customer deliveries.
Tweak India, based in Mumbai, will operate under Good Media Co, led by Priyanka Gill, co-founder of the Good Glamm Group and CEO of Good Media Co.
The VC firm remains slightly conservative in the mid term in terms of funding due to rate hikes and geopolitical uncertainty
The consolidation will help the company to focus on structural synergies and will also drive 'cross-division revenue synergies,' The Good Glamm Group said. The consolidation is a move towards integrating its 11 acquisitions, the company said.
Malvika Mehra is the latest in a long list of ad executive to switch over to the client side in recent years.
The direct-to-consumer brand MyGlamm had introduced The Good Glamm Group last week and announced its plans to acquire six brands in the beauty and personal care space before March.
MyGlamm, which has raised an additional Rs 255 crore as part of its Series C round, is targeting revenue of over Rs 1,800 crore by the end of FY22. It also plans to launch an IPO by 2023.