Good Glamm Group India's first unicorn in DTC beauty and personal care biz

The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022

The Good Glamm Group, South Asia’s largest content-to-commerce conglomerate, has raised $150 million funding in its Series D round, including both primary and secondary sales, co-led by marquee tech and private equity investors Prosus Ventures (Naspers), Warburg Pincus. There was participation from Alteria Capital and existing investors L’Occitane, Bessemer Venture Partners, Strides Ventures, Amazon, Ascent Capital and the Mankekar Family Office.

The Mumbai-based firm has been valued at $1.2 billion in the latest round of funding, up from $310 million in the previous round, making it the newest member of the coveted unicorn club. It is the 35th startup to