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Great Glamm comes to be 35th Indian unicorn of 2021 after $150-mn fundraise by Warburg Pincus, Prosus Ventures

Business Today

Content-to-commerce system Great Glamm Team, South Asia’s biggest content-to-commerce corporation, has actually gotten in the unicorn club with a fresh fundraise of $150 million in its Series-D round, consisting of both main and also second sales.

The financial investment round was co-led by marquee technology and also personal equity capitalists Prosus Ventures (Naspers), Warburg Pincus, in addition to the involvement from Alteria Funding and also existing capitalists L’Occitane, Bessemer Endeavor Allies,, Climb Funding and also the Mankekar Household Workplace.

The Great Glamm Team makes up a profile of exclusive charm and also individual treatment brand names powered by an exclusive electronic community of material, neighborhood and also developer possessions.

These consist of charm and also individual treatment brand names possessed by the Great Glamm Team — MyGlamm MomsCo, POPxo and also Infant Chakra.

The business stated it will certainly be using its newest financing to buy item advancement, sustain information scientific research and also innovation study, rise offline development, fund capital demands. It will certainly additionally increase the material development abilities and also electronic reach of POPxo, Plixxo, BabyChakra and also ScoopWhoop. The Team will certainly additionally remain to make financial investments in even more charm and also individual treatment brand names.

“Going Into the Unicorn Club notes Day 1 for everybody at the Great Glamm Team. As well as we could not be a lot more ecstatic and also blessed to start the trip from 1 to 10, with Prosus and also Warburg, that bring extraordinary stamina and also experience to our business,” Darpan Sanghvi, Team Owner & CHIEF EXECUTIVE OFFICER, Great Glamm Team stated.

Ashutosh Sharma, Head of Investments, India, Prosus Ventures, stated the collaboration with the Great Glamm Team will certainly “interrupt” the charm and also individual treatment sector, and also this notes the business’s initial financial investment in the DTC classification. “The Great Glamm group has actually matched preferable, homemade brand names with engaging material, developing an extremely involved neighborhood and also placing them well for future development in India and also past,” he stated.

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