The Good Glamm Group raised $150 million in its Series D funding round, including both primary and secondary sales from investors led by Prosus Ventures and Warburg Pincus. To date, Good Glamm Group has made acquisitions and investments worth $270 million.
Good Glamm Group will utilize its latest funding to invest in product development; support data science and technology research; increase offline expansion; and fund working capital requirements while also expanding the content creation capabilities and digital reach of its portfolio.
Other investors in the latest round of funding for Good Glamm include L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office. The funding also includes $15 million of venture debt from Alteria Captial.
In September, Good Glamm closed its extended Series C funding round after it raised $100 million in total from investors.
Beauty and personal care brands owned by the Good Glamm Group include MyGlamm, MomsCo, POPxo and Baby Chakra.
Darpan Sanghvi, group founder and CEO of Good Glamm Group, says, “Entering the Unicorn Club marks Day one for all of us at the Good Glamm Group. And we couldn’t be more excited and privileged to embark on the journey from 1 to 10, with Prosus and Warburg, who bring incredible strength and experience to our company.”
Priyanka Gill, co-founder of Good Glamm Group, says, “Being part of Good Glamm Group is a dream opportunity and a privilege as we become India’s largest DTC beauty and personal care company. Now with Prosus Ventures and Warburg Pincus as our investors and partners, we are perfectly positioned to scale even faster and fulfill our mission.”