The Good Glamm Group
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The Good Glamm Group - overview
Established
2021
Location
New Delhi, -, India
Primary Industry
Consumer Products
About
The Good Glamm Group, based in India, is a digital-first beauty and personal care conglomerate focused on delivering innovative products and solutions that cater to diverse consumer needs in the beauty sector. Founded in 2021 and headquartered in New Delhi, India, The Good Glamm Group operates as a digital beauty and personal care company that develops and distributes a variety of beauty products. The company has successfully completed 25 deals to date. The founders, Naiyya Saggi and Priyanka Gill, have prior entrepreneurial experience, further enhancing the company’s strategic vision.
In its most recent funding round in January 2024, The Good Glamm Group raised INR 2. 43 billion (USD 29. 43 mn) in Series E funding, led by Warburg Pincus with participation from notable investors such as Amazon, Accel, and Bessemer Venture Partners. This funding round brings the total amount raised by the company to INR 2.
43 billion (USD 29. 43 mn) and values the company at INR 116. 33 billion (USD 1. 41 bn).
The Good Glamm Group, through its subsidiary Sanghvi Beauty and Technologies Private Limited, emphasizes delivering innovative beauty and personal care solutions designed to meet various consumer needs. Its offerings include advanced beauty products, supported by product development and distribution services that cater to both individual consumers and retail partners. The company's products are tailored for a wide demographic, ranging from beauty enthusiasts to professional salons and retail clients across urban and suburban markets. In 2023, The Good Glamm Group reported a revenue of INR 75,164,525.
90 (USD 0. 91 mn) with an EBITDA of INR -101,333,854. 50 (USD -1. 23 mn), indicating operational costs exceeding revenue during that period.
In January 2024, The Good Glamm Group secured INR 2. 43 billion (USD 29. 43 mn) in Series E funding, which will be utilized to support operational costs and working capital requirements. The company plans to expand its product line with new innovative beauty solutions and aims to penetrate new geographic markets, potentially targeting urban areas in Southeast Asia by the end of 2024.
This strategic expansion seeks to capitalize on increasing demand for beauty and personal care products in emerging markets.
Current Investors
Brand Capital, Tano Capital, L'Occitane International S.A.
Primary Industry
Consumer Products
Sub Industries
Beauty & Hygiene, Web Applications
Website
https://goodglamm.com/
Verticals
E-commerce, Manufacturing, Mobile Apps
Total Amount Raised
Subscriber access only
The Good Glamm Group - timeline of key events
The Good Glamm Group - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 31,134,071 | 39,584,053 | 85,883,797 | 136,754,187 | 439,476,693 | - | - | - |
| % Revenue Growth (YoY) | - | 27.1% | 117.0% | 59.2% | 221.4% | - | - | - |
| EBITDA (USD) | (94,097,183) | (102,510,852) | (377,991,645) | (330,257,892) | (699,976,716) | - | - | - |
| Operating Income (USD) | (95,590,909) | (107,008,232) | (384,879,408) | (337,677,111) | (708,423,602) | - | - | - |
| Operating Margin | (307.0%) | (270.3%) | (448.1%) | (246.9%) | (161.2%) | - | - | - |
| % EBITDA Margin | (302.2%) | (259.0%) | (440.1%) | (241.5%) | (159.3%) | - | - | - |
| NET Income (USD) | (95,260,443) | (99,739,474) | (371,080,733) | (332,476,981) | (684,876,290) | - | - | - |
| % Net Margin | (306.0%) | (252.0%) | (432.1%) | (243.1%) | (155.8%) | - | - | - |
The Good Glamm Group - employee data
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