Founded in 2017 by Darpan Sanghvi, Priyanka Gill, and Naiyya Saggi, The Good Glamm Group has established itself as a pioneering force in India’s beauty and personal care industry. Initially launched as MyGlamm, a direct-to-consumer beauty brand, the company quickly gained traction for its innovative and cruelty-free product offerings. Recognizing the potential of combining content with commerce, the founders pursued an aggressive growth strategy—acquiring platforms such as POPxo, BabyChakra, and ScoopWhoop. These acquisitions helped create a powerful content-to-commerce ecosystem that fuels user engagement and brand discovery. With a mission to democratize beauty and empower women across the country, the group continues to launch inclusive, accessible, and data-driven product lines tailored to India’s diverse audience. As of 2024, The Good Glamm Group operates multiple high-performing brands and boasts a massive online and offline presence. It has become one of the few Indian startups to seamlessly blend media, community, and commerce under a unified platform, with ambitions to expand globally.
| Founded | 2017 |
|---|---|
| Headquarters | Mumbai, India |
| Valuation | ~$1.2 billion (2023) |
| Annual Revenue (FY24 est.) | $120 million |
| Net Loss (FY24 est.) | $50 million |
| Employees | ~1,000 |
| Round | Year | Amount | Lead Investors |
|---|---|---|---|
| Seed | 2018 | $5 million | Private Investors |
| Series A | 2019 | $12 million | Bessemer Venture Partners |
| Series B | 2020 | $35 million | Ascent Capital, Amazon |
| Series C | 2021 | $150 million | Prosus Ventures, Warburg Pincus |
| Series D+ | 2022–2023 | $83 million | Lighthouse Funds, Existing Investors |
The Good Glamm Group has seen its revenue climb sharply from $60 million in FY22 to $120 million in FY24, reflecting strong acquisitions and market expansion. The group continues to focus on top-line growth despite ongoing losses.
With an EBITDA margin at around -52% in FY24, The Good Glamm Group underscores its commitment to market leadership and brand-building through aggressive spending and strategic investments.
Employee strength has grown from 600 in FY22 to 1,000 in FY24, supporting the company’s rapidly expanding product portfolio and regional operations.
The Good Glamm Group is focused on strengthening its omnichannel strategy, scaling international presence, and acquiring synergistic brands. An IPO is part of the long-term vision, potentially materializing in the next few years to fuel further growth.
The group recently announced collaborations with regional influencers and content creators, enhancing its content-to-commerce strategy and strengthening its leadership in India’s beauty ecosystem.
| Metric | Detail |
|---|---|
| Revenue FY24 | $120 million (+33% YoY) |
| Net Loss FY24 | $50 million |
| EBITDA Margin | -52% |
| Valuation | $1.2 billion |
| Employee Count | 1,000 (+25% YoY) |
The Good Glamm Group's aggressive growth and innovative content-to-commerce strategy have solidified its position as a dominant player in India's beauty and personal care market. With a strong foundation and ambitious roadmap, it is poised for significant future growth. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Public company statements and media articles.
Disclaimer: The information presented in this report is intended for general informational purposes only and does not constitute investment advice. All financial data is based on public sources and estimates where necessary.