Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 27 2019

Beauty and wellness brand MyGlamm secures Rs 100 crore funding

The company is eyeing to launch in the Middle East and Southeast Asia in 2019.

Beauty and wellness brand MyGlamm secures Rs 100 crore funding

MyGlamm, a direct-to-consumer beauty brand company, has secured Rs 100 crore funding. The round, led by Bessemer Venture Partners, and the Mankekar family office, valued the company at Rs 500 crore.

The round has also seen participation from existing investor L’Occitane, a beauty and cosmetics brand.

MyGlamm differentiates itself on content and celebrity-led marketing to lure and retain customers. The brand has a Rs 60 crore annual run rate, with customer retention rates of more than 50%. 

The company is eyeing to launch in the Middle East and Southeast Asia in 2019.

Darpan Sanghvi, Founder of MyGlamm, said, “We believe that there is a complete dearth of beauty brands in India and the new millennial customer is looking to discover her brand online and on social media. We are using technology and content to not only allow customers to discover us, but to also engage intelligently with them after they have purchased our products.”

The brand is competing with online beauty and skincare retailer Nykaa’s private label brand. However, both companies have deployed an omni-channel strategy, with high social media engagement centred around content.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Facility Management
    ·         Successfully operating with distributorship..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Art, Craft, Antique & Framing
    About Us: Attapetta is first of its kind concept store that..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    About us Hawamahal, a retail chain from the house of S&S..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
  • Quick Service Restaurants
    About Us: Greetings from USPFC!! U.S. Pizza and Fried Chicken have come..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities