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News on Medial
Sirona founders, IAN withdraw default notices against Good Glamm Group
Livemint
·
9m ago
Medial
- Good Glamm Group has completed the acquisition of women's wellness brand Sirona Hygiene for ₹450 crore ($60 million) in an all-cash deal. - Founders of Sirona Hygiene and investor IAN previously filed default notices against Good Glamm Group for non-payment of dues, but the notices have now been withdrawn after an agreement was reached for pending payments. - Good Glamm Group invested ₹100 crore in Sirona in 2022 and is said to have earned substantial returns for early investors. - Sirona has tripled its revenues in the past 24 months and recently acquired the direct-to-consumer brand Impower. - Good Glamm Group operates across multiple verticals and is backed by investors such as Warburg Pincus, Prosus Ventures, and Amazon.
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Related News
Good Glamm receives legal notice from subsidiary Sirona’s investors
The Arc Web
·
1y ago
Medial
Investor Indian Angel Network (IAN) has sent a notice of default to The Good Glamm Group, alleging that the company has failed to make its final payment obligations to the shareholders of women's hygiene brand Sirona. The Good Glamm Group acquired a majority stake in Sirona for Rs 100 crore in December 2021 but has not made the required payments to Sirona's shareholders, including employees. This development comes as The Good Glamm Group reportedly has payment dues of around Rs 150 crore across its acquisitions. The company is said to be in talks to restructure its payout terms into debt.
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Sirona founders near deal to buy back brand from Good Glamm
Inshorts
·
5m ago
Medial
Sirona Hygiene founders Deep Bajaj and Mohit Bajaj are in the final stages of repurchasing the women's wellness brand from the Good Glamm Group. The move comes just months after Sirona was sold to Good Glamm. Under the buyback agreement, the Sirona founders will assume debt liabilities of ₹160-180 crore.
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Good Glamm Group completes buyout of feminine hygiene brand Sirona for Rs 450 crore
Economic Times
·
9m ago
Medial
- Good Glamm Group has acquired feminine hygiene brand Sirona for Rs 450 crore in an all-cash deal. - Earlier this year, there were legal disputes between the founders and investors of Sirona and Good Glamm Group, but they have now been resolved with a new agreement being signed and all pending payments settled. - Good Glamm currently owns a majority stake in Sirona and will hold 100% stake by the end of the fiscal year. - Sirona specializes in menstrual hygiene products and offers a range of innovative products such as herbal pain relief patches, biodegradable sanitary pads, and menstrual cup kits. - Sirona's acquisition adds to Good Glamm Group's expanding portfolio of brands, including MyGlamm, The Moms Co, Organic Harvest, St Botanica, Baby Chakra, and digital media and content platforms. - Good Glamm recently raised Rs 245 crore through a rights issue and used internal capital and proceeds from the funding round for the Sirona acquisition.
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Good Glamm Buys Remaining Stake In Sirona For INR 450 Cr
Inc42
·
9m ago
Medial
- Good Glamm Group acquires remaining 49.42% stake in Sirona for INR 450 Cr - Cofounders of Sirona, Deep and Mohit Bajaj, exit the company with an all-cash deal - Good Glamm Group previously acquired a 41.15% stake in Sirona for INR 100 Cr in 2021 - Sirona is a femtech startup founded in 2015 - Sirona specializes in selling female hygiene products including herbal pain relief patches, period stain remover, sanitary napkins, and menstrual cups
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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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The Good Glamm Group completes Sirona acquisition after legal tussle
VCCircle
·
9m ago
Medial
- The Good Glamm Group has acquired feminine hygiene company Sirona in an all-cash deal for Rs 450 crore. - The transaction included multiple tranches of payments, with the first tranche being Rs 100 crore. - Sirona's founders have resigned, and the acquisition has provided accelerated ESOPs vesting for Sirona's employees. - The transaction was surrounded by controversy with legal notices and payment disputes, but the parties have resolved the issues. - Sirona offers a range of feminine hygiene products and services, including menstrual cups, urination devices, and period pain relief patches.
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The Good Glamm Group acquires 100% stake in The Moms Co
YourStory
·
8m ago
Medial
The Good Glamm Group has completed a 100% acquisition of natural brand personal care company The Moms Co. The acquisition was made through a cash and stock deal, and the remaining shares held by The Moms Co. founders were fully acquired by the Good Glamm Group over the last two years. This acquisition is part of the Good Glamm Group's strategy to expand its presence in the beauty and wellness market. The Group recently acquired Sirona Hygiene and increased its shareholding in portfolio brands Organic Harvest and Winkl.
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Sirona Founders buy back startup from Good Glamm Group in rare move
Inshorts
·
4m ago
Medial
Feminine hygiene startup Sirona's Founders Deep and Mohit Bajaj have repurchased their company from content-to-commerce unicorn The Good Glamm Group for an undisclosed amount. Good Glamm initially invested ₹100 crore in Sirona in 2022 and concluded its acquisition in October 2024 for ₹450 crore in an all-cash deal. "Full circle moments are rare, but here we are," Deep said.
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Good Glamm sells digital media unit ScoopWhoop at fifth of its purchase price
Economic Times
·
4m ago
Medial
Good Glamm Group, amid financial challenges, sold its digital media unit ScoopWhoop to WLDD for Rs 18-20 crore, significantly lower than its Rs 100 crore purchase price in 2021. Previously, the group sold Sirona back to its founders for Rs 150 crore. Recent board resignations and high-profile exits have compounded its issues. Formed in 2021, Good Glamm raised $30 million in 2024 but struggles with further fundraising. MyGlamm remains its main revenue source.
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Creativefuel acquires Miss Malini for Rs 6 Cr
YourStory
·
3m ago
Medial
Creativefuel is acquiring MissMalini Entertainment from the Good Glamm Group for Rs 6 crore. The deal includes MissMalini's domain and social media assets, while the talent management arm remains with Good Glamm. This move follows Good Glamm's recent divestments, including selling Sirona back to its founders and digital platform ScoopWhoop to WLDD, amid financial challenges. The company is considering selling stakes in other brands and seeking fresh funds due to liquidity issues and investor departures.
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