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The Good Glamm Group Secures $30 Million in Bridge Funding, Maintains $1.26 Billion Valuation


The Good Glamm Group, a content-to-commerce company based in Delhi, has secured Rs 245.5 crore (approximately $30 million) in a bridge round of funding. This marks the company's first significant investment since its Series D round in November 2021.


The funding came entirely from existing investors of The Good Glamm Group, including Warburg Pincus (Rs 129 crore), Prosus (Rs 95.73 crore), Bessemer India (Rs 12.46 crore), and Accel Partners (Rs 8.31 crore). This funding will be used to address the company's working capital needs and support ongoing business activities.


Interestingly, despite concerns about a potential valuation drop, The Good Glamm Group maintained its pre-money valuation of $1.26 billion after this bridge round, according to TheKredible, a startup data intelligence platform. The company offered participation in the round to existing shareholders, hinting at the possibility of further fundraising. The Good Glamm Group is expected to raise additional capital in this ongoing round.


Founded by Darpan Sanghvi, Priyanka Gill, and Naiyya Saggi, The Good Glamm Group has established itself as a leader in the content-creator commerce space. The company boasts a portfolio of fast-growing direct-to-consumer beauty and personal care brands, all supported by a robust digital ecosystem focused on content creation and influencer partnerships.


Prior to this bridge round, L'Occitane International held the largest external stake in The Good Glamm Group (15.67%). Following this round, the ownership structure might have shifted with the participation of existing investors like Warburg Pincus, Prosus, and Bessemer India. While The Good Glamm Group's FY23 financial results are yet to be filed, the company reported a top line exceeding Rs 250 crore in FY22, reflecting a significant 5X year-on-year growth. However, it's important to note that losses also increased to Rs 273 crore in the same period.


 

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