This has been a phenomenal year for us at MyGlamm & POPxo and things just got a lot more exciting. MyGlamm has closed its series C funding round at Rs 530 crore with a mega top-up of Rs 355 crore, adding to the existing Rs 175 crore we had raised earlier this year in March. Leading the top-up is marquee global venture capital firm Accel, along with participation from Bessemer Venture Partners, L’Occitane, Ascent, Amazon, Mankekar family, Trifecta, and Stride Ventures. The Rs 175-crore funding in March had investments from Ascent Capital, Amazon, and Wipro Consumer.
This is the largest amount of capital raised by any beauty brand in India in its Series C round and stands among Accel’s biggest investments in the country! TechCrunch reports that the new investment comes at a time when select Indian startups are raising record capital.
It is a matter of great pride to welcome marquee investor Accel to the MyGlamm family. Their investment closes out our Series C fundraise and I am very excited to be working alongside Darpan on our mission to make MyGlamm India’s largest beauty company and scale up POPxo and Plixxo, strengthening our content-to-commerce moat!
This is a really exciting time at MyGlamm-POPxo and the investment takes us a step closer to becoming India’s largest beauty company. We are rapidly expanding the MyGlamm-POPxo family and just last month, actor Shraddha Kapoor joined us as a brand ambassador and investor. Grand things are in the making right now and we cannot wait to share all the exciting developments with you guys!
Needless to say, our MyGlamm-POPxo fam is the reason behind this huge success. Thank you for staying with us on this journey! Awesome things are brewing at the MyGlamm-POPxo headquarters and I cannot wait to share them with you all!