Beauty brand MyGlamm bags Rs 100 crore

Date posted: Thursday 27 June 2019

Beauty brand MyGlamm has raised Rs 100 crore, led by Bessemer Venture Partners, and the Mankekar family office, valuing the company at Rs 500 crore. MyGlamm is a direct-to-consumer beauty brand company, which differentiates itself on content and celebrity-led marketing to lure and retain customers. The company has a Rs 60 crore annual run rate, with customer retention rates of over 50%. MyGlamm plans to launch in the Middle East and Southeast Asia this year.

(ET Tech)