Warburg Pincus LLC and Prosus Ventures (formerly Naspers) co-lead the $150 million Series D round in The Good Glamm Group. With a post-money valuation of $1.2 billion the Good Glamm Group enters the unicorn club. This is a 12-fold increase in valuation from $100 million in March and $300 million in July this year.
We are the first DTC beauty and personal care company to cross this landmark valuation in India.
We are India’s 35th unicorn in 2021!
I am in equal parts proud and humbled by this momentous announcement. To all the amazing team members who have led us to this moment – thank you.
Darpan Sanghvi your foresight, conviction and sheer ambition staggers me – thanks for everything – as you say today is only Day 1 – we now take the journey from 1 to 10! I am lucky to have such driven co-founders Darpan & Naiyya Saggi.
The Good Glamm Group is the ride of a lifetime. For me, personally, it is a story nearly 10 years in the making. All the ups and the downs have brought us here. But the journey is only beginning!!