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News on Medial
Good Glamm Group prioritising profitability ahead of IPO in two years: cofounder Priyanka Gill
Economic Times
·
1y ago
Medial
The Good Glamm Group is focusing on profitability as it prepares for an IPO in two years, according to co-founder Priyanka Gill. The company is diversifying revenue streams and optimizing costs to maintain strong growth rates. The Good Glamm Group's portfolio includes direct-to-consumer beauty and personal care brands, as well as digital media companies and influencer platforms. Gill emphasized the resilience of the beauty and personal care segment, stating that consumers are unlikely to cut back on these products even during challenging economic times.
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The Good Glamm Group Co-founder Priyanka Gill launches Coluxe
Inshorts
·
4m ago
Medial
Serial entrepreneur Priyanka Gill, co-founder of The Good Glamm Group, has launched COLUXE, a lab-grown diamond brand aiming to redefine luxury and sustainability in India's fine jewellery market. Gill's previous venture, POPxo, merged with MyGlamm in 2020, leading to the formation of The Good Glamm Group. Priyanka holds 0.1% in Good Glam Group.
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Good Glamm’s Priyanka Gill set to exit
Livemint
·
1y ago
Medial
Priyanka Gill, co-founder of Good Glamm Group, is leaving the Prosus-backed company to join venture capital firm Kalaari Capital. Gill, who founded PopXo, will lead Kalaari Capital's CXXO initiative that invests in women-led businesses. Good Glamm, a direct-to-consumer company, acquired PopXo in 2020. Good Glamm's media business, Good Media Co., has been affected by post-Covid disruptions. Gill will become the chairperson of Good Media Co. and will retain her stake in the parent company. Good Glamm is in talks to raise a ₹500 crore funding round.
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Sukhleen Aneja set to exit Good Glamm Group
Livemint
·
1y ago
Medial
Sukhleen Aneja, CEO of Good Brand Co, is leaving the company in July after two and a half years. Good Glamm Group, the parent company, has announced that Ketan Bhatia and Ankita Bhardwaj will lead the brand's business operations in collaboration with the group founder, instead of appointing a new CEO. Aneja, who has significant experience in FMCG companies, hinted at possible entrepreneurial ventures. The departure follows that of Priyanka Gill, co-founder of Good Glamm, earlier this year. The company has also announced a new organizational structure aimed at improving efficiency.
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We Are Sharply Focused On Bottomline, Says Good Glamm Group Co-Founder Priyanka Gill
OutlookIndia
·
1y ago
Medial
Priyanka Gill, co-founder of Good Glamm Group, views the rise of generative AI as a significant development for the industry. The content-to-commerce startup, known for brands like Sirona and The Moms Co, plans to leverage AI and other technologies to amplify customer touchpoints. Gill emphasizes the importance of maintaining profitability, corporate governance standards, and expanding to new audiences. She shares advice for entrepreneurs, focusing on building strong brands that solve consumer pain points and aligning communication strategies accordingly. Good Glamm Group aims to utilize its media platforms to reach a wide consumer base across India.
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Priyanka Gill quits Kalaari Capital to launch lab-grown diamond brand
Economic Times
·
5m ago
Medial
Priyanka Gill, cofounder of Good Glamm Group and former Kalaari Capital venture partner, has launched a lab-grown diamond brand, Coluxe. The brand, focusing on sustainable and ethical fine jewellery, intends to debut digitally in mid-2025, with plans for retail expansion. Coluxe will feature contemporary collections and incorporate technology-driven experiences like AI-powered virtual try-ons. Gill's initiative comes amid discussions about policymaking for lab-grown diamonds, emphasizing their equivalence to mined diamonds in quality and appearance.
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Good Glamm’s Pay Delay: April Salaries, Layoff Dues on Hold Amid Fund Crunch
OutlookIndia
·
2m ago
Medial
Good Glamm Group is facing financial challenges, delaying salaries for April and dues for recently laid-off employees. The company, once valued at $1.2 billion, is experiencing severe cash flow issues, prompting layoffs of about 15% of its workforce and potential brand sales. Key leadership exits include co-founder Priyanka Gill and CFO Piyush Kalra, further destabilizing operations. The firm plans restructuring to regain profitability by FY25, amid lost investor confidence and board resignations.
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Good Glamm Group co-founder Priyanka Gill quits Kalaari to start new venture
VCCircle
·
5m ago
Medial
Priyanka Gill, co-founder of Good Glamm Group and former venture partner at Kalaari Capital, has launched a new venture, Coluxe, focusing on lab-grown diamond and gemstone jewelry. Coluxe aims for an omnichannel sales approach and emphasizes sustainable and ethical luxury. Having previously founded media platform POPxo, Gill will leverage her experience in digital media and direct-to-consumer strategies. Her initiative coincides with growing global demand for lab-grown diamonds, with several startups in the field attracting investor interest.
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WLDD in talks to acquire ScoopWhoop from The Good Glamm Group
Entrackr
·
4m ago
Medial
Marketing company Wubba Lubba Dub Dub (WLDD) is in talks to acquire the digital media platform ScoopWhoop from The Good Glamm Group (GGG). Livemint, which first reported the development, stated that WLDD has issued a term sheet, and due diligence is currently in progress. The report also mentioned that The Good Glamm Group is planning to sell ScoopWhoop for Rs 18-20 crore. It’s worth noting that ScoopWhoop was acquired by The Good Glamm Group in a deal worth around Rs 100 crore in October 2021. The Good Glamm Group declined to comment on the story. Last week, Sirona repurchased its brand from The Good Glamm Group to operate independently. According to sources, the buyback occurred at a significantly lower price than the original acquisition deal. The Darpan Sanghvi-led company may allocate proceeds from selling its digital media vertical to cover salaries, vendor payouts, and other payment obligations. Over the past year, Good Glamm has struggled financially, experiencing salary delays and layoffs. Media reports indicate that the group is now negotiating a funding round at a substantially lower valuation. The Delhi-based firm became a unicorn in 2021 with a $250 million funding round. Since then, it has raised $30 million in a bridge round in March last year. Last month, The Good Glamm Group witnessed the exit of key representatives, including Anand Daniel (Accel Partners), Vishal Gupta (Bessemer), and Gaurav Kothari (Prosus Ventures), who resigned as independent directors. In January 2024, Priyanka Gill, co-founder of The Good Glamm Group, also decided to step down from her active role at the New Delhi-based company.
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Startup news and updates: Daily roundup (February 4, 2025)
YourStory
·
5m ago
Medial
OYO plans to invest £50 million in the UK to expand its premium hotel portfolio, aiming to generate 1,000 jobs and attract more visitors. Priyanka Gill, co-founder of Good Glamm Group, exits Kalaari Capital to launch the lab-grown diamond brand COLUXE. India faces competition in AI, with DeepSeek reportedly having significant GPU resources. New Relic introduces AI monitoring for DeepSeek, while Aye Finance partners with Credgenics for digital debt resolution. GPCA launches a Southeast Asia Women Investors Directory.
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The mystery of Good Glamm’s global gambit
Livemint
·
1y ago
Medial
Indian content-to-commerce company, Good Glamm Group, is facing challenges as it expands overseas and prepares for an IPO. The company recently launched its Wyn Beauty range in US stores, aiming to compete with celebrity-backed brands like Fenty Beauty and Kylie Cosmetics. However, several investors and founders of companies acquired by Good Glamm have filed default notices due to unpaid dues. The company has also undergone restructuring and cost-cutting measures, including letting go of over 120 employees. Good Glamm aims to achieve profitability in the next two quarters and hopes international expansion will contribute to revenue growth.
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