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Tag: Darpan Sanghvi

  • Good Glamm Group completes 100 pre cent acquisition of The Moms Co

    Good Glamm Group completes 100 pre cent acquisition of The Moms Co

    Mumbai: The Good Glamm Group, a direct-to-consumer beauty and personal care announced completion of 100 per cent acquisition of The Moms Co. This comes on the heels of the group announcing the completion of its Sirona transaction and its increases in shareholding in its other portfolio brands Organic Harvest and Winkl.

    In October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a cash and stock deal, leading to partial exits for The Moms Co. founders and full exits for investors like DSG Capital and Saama Capital. The remaining shares held by the founders were fully acquired by Good Glamm Group over the last two years, completing a 100 per cent acquisition.

    Over the past three years, key functions of The Moms Co. have been integrated into the Good Glamm Group’s operations. After leading the business for a year post-acquisition, the founders stepped down from day-to-day roles last year, transitioning full control to Good Glamm Group’s central teams. Since the acquisition, The Moms Co. has seen rapid growth, driven by the direct-to-consumer channel using Good Glamm Group’s content-creator-commerce flywheel.

    The brand has also expanded internationally, retailing in Carrefour and Lulu in the UAE. And is now preparing to enter additional international markets.

    “It has been wonderful to see the Good Glamm team integrate The Moms Co across various functions and grow the brand over the last two years. We continue to cheer for and are excited for, what lays ahead for The Moms Co and the Good Glamm Group and wish the teams all the success in this next phase of growth” added The Moms Co founders Malika Sadani and Mohit Sadani.

    “It has been an incredible journey integrating The Moms Co into the broader Good Glamm Group framework to scale the business across D2C, offline, and international markets. The Moms Co is highly trusted for its proven efficacy among moms and babies. The brand experienced significant growth over the last two years and we aim to maintain this momentum by leveraging our content-to-commerce growth engine.” said Good Glamm Group, froup founder Darpan Sanghvi

    In August 2023, The Moms Co. had launched ‘The Mompreneurs Show – The Hunt for India’s Top Mom-led Startups’, a pioneering initiative aimed at supporting and mentoring mom micro-entrepreneurs across India. The show garnered more than 1 lakh registrations from mom-led startups, out of which 80 finalists received mentorship from industry leaders. The Top 3 winners of The Moms Co Mompreneurs Show receive financial and marketing grants from The Good Glamm Group and a chance to get co-investments from members of the advisory board and jury.

    Looking ahead, Good Glamm Group remains committed to driving innovation, market expansion, and customer satisfaction. Future initiatives include launching new products, expanding into international markets, and enhancing digital capabilities to maintain a competitive edge in the beauty and personal care industry.

  • Good Glamm Group appoints Lauren Bloomer as president – international

    Good Glamm Group appoints Lauren Bloomer as president – international

    Mumbai: The Good Glamm Group, South Asia’s largest DTC beauty & personal care conglomerate, has announced the appointment of Lauren Bloomer as president – international, Good Glamm Group. Lauren will also be appointed to the board of directors of Wyn Beauty by Serena Williams as the representative for the Good Glamm Group.

    Lauren brings 23 years of extensive experience in the beauty and consumer goods industries to her new role, where she will spearhead the Good Glamm Group’s international growth and expansion.

    An Estee Lauder companies veteran, Lauren last served as CEO of Becca Cosmetics and prior to that held key global marketing roles at Clinique and Estee Lauder. Her career also includes brand management and strategy positions at The Clorox Company, and the Boston Consulting Group, where she honed her skills in brand building, omnichannel development, and go-to-market activation. Lauren earned her MBA from the Wharton Business School and a bachelor’s degree in Economics from Dartmouth College.

    “I’m thrilled to join the Good Glamm Group. With a shared passion for innovation and excellence, I look forward to working with this talented team to advance our vision and establish the Good Glamm as a leading global beauty company,” said Good Glamm Group president – international Lauren Bloomer.

    Commenting on the appointment, Good Glamm Group, group founder Darpan Sanghvi shared, “After a successful launch of our International business, we are now delighted to welcome Lauren to the Good Glamm Group to drive our next phase of growth. Her extensive experience and proven track record in the beauty industry make her the perfect fit to lead our global expansion. Lauren’s strategic insight and dynamic leadership will be invaluable as we continue to expand and innovate in the beauty space.”

    With over two decades in the consumer products industry, Lauren brings a wealth of experience in strategy and planning, P&L management, omni-channel marketing, and insights and analytics. She is known for her results-oriented approach, excellence in execution, and financial acumen, and she has consistently delivered exceptional outcomes throughout her career.

    Lauren’s appointment marks a significant milestone for Good Glamm Group’s international expansion as the group looks to grow and solidify its vision of building a global beauty company.

  • Good Glamm Group partners with Serena Williams to launch ‘WYN BEAUTY by Serena Williams’

    Good Glamm Group partners with Serena Williams to launch ‘WYN BEAUTY by Serena Williams’

    Mumbai: Introducing WYN BEAUTY by Serena Williams, a new brand of clean, high-performing, skin-loving makeup designed for life, not just a photo finish. A true reflection of the poetry in motion that Serena is on the court, it’s makeup you can move in – flexible formulas that wear beautifully and keep hydrated all day. With 91 shades across 10 distinct products in the face, lip and eye categories, the brand is committed to living in color with confidence, so everyone will find their match.

    “I’m so excited to introduce WYN Beauty to the world,” said founder and entrepreneur Serena Williams. “To me, beauty has always been about self-expression and stepping into the best version of myself. Throughout my career, I was always searching for makeup that looked good after hours on the court, mixing products myself and creating my own formulas while traveling the world. As I evolved and remained active both on and off the court, I needed products I could apply at 7am before a full day of meetings, spending time with my kids, making time for the things I love and still look good at the end of the day. I needed makeup that could truly move with me. That’s the intention behind WYN BEAUTY – for people to live in it every single day of their lives and enhance the beauty they already have.”

    From one of the most competitive people to ever walk the planet, Serena’s beauty philosophy is decidedly not. “Beauty is a field where everyone wins,” said Serena. “You set and define your own personal goals and standards. WYN isn’t about being THE best, but your best.” Serena’s drive to give her best has always been coupled with authenticity through beauty: from the early beaded braids to nails that grew bolder each season and her signature cat-eye, Serena Williams has proven that beauty has the power to make a statement without saying a word.

    Your strength. Your Beauty

    But Serena also knows when words matter – all WYN BEAUTY products and shades were intentionally named as personal affirmations – like the ones Serena wrote down in her “match books” and relied on in the locker room before playing—Brave, Momentum, Shine, Discover, Push, Build, Move, among others. The unique WYN Chartreuse hue of the packaging, which represents an energy and determination that is signature Serena, along with gold accents to celebrate her gold medals and unique netting design will be featured in a first-of-its-kind eye-catching brand expression in select Ulta Beauty stores. As the largest and premier beauty destination in the U.S., the exclusive retail partnership will fuel discovery and allow more people to experience WYN BEAUTY nationwide.

    “At Ulta Beauty, we’re committed to celebrating beauty in all its forms so that everyone can express themselves through the products we offer; WYN Beauty is a shining example of this,” said Ulta Beauty chief merchandising officer Monica Arnaudo. “Since meeting Serena several years ago, it was clear her passion for beauty would lead to a brand and product collection that embodies her winning spirit and brings a new perspective to makeup that beauty enthusiasts desire.”

    WYN BEAUTY was founded by Serena Williams through a joint venture partnership with the Good Glamm Group, known for its disruptive tech-enabled portfolio of leading beauty and personal care brands across global markets. Good Glamm’s thoughtful approach to brand-building, and a shared belief that products should be inclusive, responsible, purpose-driven and serve their communities makes them a great partner.

    “It’s a privilege to partner and enter into this joint venture with Serena, and work with her to bring life to her vision of WYN BEAUTY and create products that truly deliver high performance, synonymous with what she stands for” said Good Glamm Group founder Darpan Sanghvi.

    WYN products are formulated with clean, skin-loving ingredients that hydrate the skin, and are vegan and cruelty-free. The long-wear and sweatproof products are lightweight, formulated to be in motion and available in an expansive range of shades and undertones.

    The WYN BEAUTY assortment includes:

    Face

    . Featuring You Hydrating Skin Enhancing Tint SPF 30 – This lightweight formula enhances skin with buildable coverage and a radiant natural finish. Formulated with invisible sun protection and the patented Truly Unstoppable HydraComplexTM for up to 72 hours of hydration. Available in 36 shades. 30ml / 1 fl oz. – $29

    . Nothing to See Soft Matte Creamy Concealer – Provides buildable, medium coverage with a soft-matte finish. The cream-to-powder longwear formula blends seamlessly, while the Truly Unstoppable HydraComplexTM delivers up to 72 hours of hydration.

    Available in 20 shades. 5.5ml / 0.18 fl oz. – $25

    . MVP: Most Versatile Pigment Multifunction Lip and Cheek Color – Delivers buildable, longwear color with a natural, satin finish. The smudge-resistant gel formula blends smoothly. The Truly Unstoppable HydraComplexTM delivers up to 72 hours of hydration. Available in 8 shades. 4.5ml / 0.15 fl oz. – $21

    Lip

    . Word of Mouth Max Comfort Matte Lipstick – A comfortable, hydrating, full coverage matte finish with color payoff in just one swipe. Available in 10 shades that look great no matter what your skin tone or undertone. 3.5g / 0.12 oz. – $20

    . Say Everything Max Intensity Feather Weight Lipstick – Hydrating satin finish, paired with an impactful one swipe color payoff. Formula delivers up to 24 hours of continuous hydration. Available in 10 shades that look great no matter your skin tone or undertone. 1.7g / 0.06 oz. – $20

    . No Words Needed Lip Serum – This non-sticky, lightweight formula helps hydrate lips for up to 24 hours. Rich with nourishing ingredients including antioxidant Vitamin E, Wild mango Butter, Jojoba Oil and Karite. Available in 1 shade. 3ml / 0.10 fl oz. – $18

    Eyes

    . Big Vision Lengthening & Defining Tubing Mascara – Coats each eyelash in tubing technology for maximum length and definition. The double-arched brush ensures lashes are coated from root to tip in a flake-resistant and smudge-resistant formula for up to 24 hours wear. Available in 1 shade, Focus Black. 9ml / 0.30 fl oz. – $19

    . Glideline Waterproof Liquid Eyeliner – Achieve Serena’s signature cat-eye with this smudge-proof, waterproof, sweat-resistant, carbon black-free eyeliner with up to 24hour wear. Available in 1 shade, Focus Black. 0.55ml / 0.02 oz – $21

    . Glideline Longwear Eye Pencil – This eyeliner creates precise lines and smokey looks with ease and without tugging. The pencil is transfer-resistant, sweat-resistant and smudge- resistant. Available in 1 shade, Focus Black. 0.38g / 0.01 oz – $19

      . Taking Shape Brow Shading Pencil – This pencil’s versatile triangle tip creates fine, hairlike strokes. The flexible hold formula is infused with Vitamin E and Argan Oil to help condition brow hairs. Available in three shades. 0.17g / 0.006 oz – $19

    WYN BEAUTY is now available on wynbeauty.com and launches exclusively at 685 Ulta Beauty stores across the U.S. and at Ulta.com on 7 April 2024.
     

  • The Good Glamm Group appoints Kamal Lath as the group CFO

    The Good Glamm Group appoints Kamal Lath as the group CFO

    Mumbai: The Good Glamm Group, South Asia’s largest DTC beauty & personal care conglomerate announces the appointment of Kamal Lath as group chief financial officer. A Harvard Business School alumnus, and with over 23 years of extensive experience across diverse industries and global exposure, Kamal brings a wealth of expertise in finance, strategy, and leadership to his new role.

    As the newly appointed Group CFO at Good Glamm Group, Kamal Lath will be at the forefront of our financial strategy and execution, playing a pivotal role in shaping the company’s next phase of growth. With his extensive experience in global markets, Kamal will also be instrumental in driving our global expansion plans. His impressive track record includes successfully leading businesses through scale-up initiatives, fundraising endeavors, and M&A integrations across multiple geographies.

    Prior to joining the Good Glamm Group, Kamal held significant positions at renowned organisations including, Case New Holland (CNH), L&T Mindtree, K12 Technoservices (Orchids International Schools), and d.light, where he served as global CFO. Additionally, Kamal served as a Venture Partner at Avaana Capital, a climate and sustainability-focused Venture Capital Fund.  He actively supports and mentors promising startups, focusing on technology-led innovations. These values mirrored the Group’s commitment to inclusive beauty, responsible care, and serving the aspirations of its communities.

    “I’m excited to join Good Glamm Group as Group CFO, bringing my global financial experience to drive growth and innovation. It’s an exciting time in the D2C startup space and joining Good Glamm Group as it gears up for major international expansion is thrilling. I look forward to working with a visionary team dedicated to shaping the future of beauty and personal care, and together, we’ll aim for success and operational excellence.” said Good Glamm Group group CFO Kamal Lath.

    Good Glamm Group group founder and CEO Darpan Sanghvi expressed his enthusiasm about Kamal Lath joining the team, “Kamal’s extensive experience and proven track record in finance and business leadership make him an invaluable addition to our team. He brings with him a wealth of global financial knowledge that will help the group strategically further its international expansion plans.  We are confident that his  vision and expertise will fuel our continued growth and success.”

    A distinguished academic background complements Kamal Lath’s professional achievements. He holds qualifications as a Chartered Accountant and Certified Public Accountant (USA) and is an alumnus of Harvard Business School (HBS). His expertise spans various domains, including corporate and business strategy, P&L management, operational excellence, design thinking, and cross-cultural collaboration, making him a valuable addition to our leadership team.

  • Priyanka Gill is elevated to chairperson of Good Media Co

    Priyanka Gill is elevated to chairperson of Good Media Co

    Mumbai: The Good Glamm Group announced the elevation of group co-founder Priyanka Gill to the board. Priyanka Gill is also elevated to chairperson of Good Media Co. This important announcement marks Priyanka’s transition to a more strategic position within the Good GlammGroup.

    Remaining an integral part of the Good Glamm Groups, group co-founder Priyanka will continue to advice on strategic and investment matters while also taking on special oversight for Good Media Co. Given her wide-ranging experience and a proven track record, her contribution to the Good GlammGroup’ supward trajectory will continue to be pivotal.

    Priyanka Gill joins Kalaari Capital as a venture partner. She is already a founding board member of CXXO. The CXXO initiative by Kalaari Capital is dedicated to supporting companies led by female founders, aligning seamlessly with Priyanka’s broader commitment to championing entrepreneurs, especially women entrepreneurs. Priyanka will now head the CXXO initiative to scale more female founders in the startup ecosystem.

    Commenting on this news, Good Glamm Group group co-founder Priyanka Gill commented, “I am thrilled to embark on this new chapter in my career. Joining Kalaari Capital as a venture partner- it is an exciting opportunity for me to align my passion for fostering entrepreneurship in the startup ecosystem. Kalaari Capital was the first institutional investor when I began my entrepreneurial journey- the support and advice I received was vital.

    I retain close ties with the Good Glamm Group as group co- founder and am confident that as a group we will continue to flourish. I am honoured to be elevated to the board of the Good Glamm Group. As chairperson of Good Media Co, I am invested in assuring the pivotal content-to-commerce flywheel that built the Good Glamm Group continues performs even better.

    This transition allows me to contribute strategically to Good Glamm Group’s vision while dedicating more time towards my passion to support emerging entrepreneurs, particularly women entrepreneurs under the aegis of Kalaari Capital and CXXO.”

    Good Glamm Group founder and CEO Darpan Sanghvi expressed his confidence in Priyanka’s elevation, stating, “Priyanka has played an extremely instrumental role at Good Glamm Group. We started the journey of content-to-commerce together in 2020 and have since expanded the company together.

    For some time now, Priyanka has been helping me through our investments and strategic initiatives and we are thrilled to announce Priyanka’s elevation to the Board of Good Glamm Group and her new role as chairperson of Good Media Co.

    This move is a testament to her exceptional leadership and vision. I am equally excited for Priyanka to join our friends at Kalaari Capital and am confident that Priyanka will continue to make valuable contributions to the success of the Good Glamm Group and leave an indelible mark in her new role at Kalaari Capital.”

    Kalaari Capital founder & managing director Vani Kola said “I first met Priyanka over a decade ago as the founder of POPxo. We invested in the company and I have seen Priyanka evolve as an impactful and empathetic leader. I am delighted to welcome Priyanka onboard Kalaari Capital as a venture partner advising our D2C portfolio. Her experience as an entrepreneur places her exceptionally well to support and guide founders and companies.

    She is already a founding board member of CXXO, a Kalaari Capital initiative that supports female founders. As she goes on to head the CXXO initiative to help more women-led companies scale.”

    Priyanka’s move to a more strategic role has been part of a planned transition over the last 12 months, driven by her passion for supporting emerging entrepreneurs, with a particular focus on empowering women leaders in the startup ecosystem.

  • BYJU’S in talks to go public via SPAC deal: Report

    BYJU’S in talks to go public via SPAC deal: Report

    Mumbai: Indian edtech giant BYJU’S is in advanced discussions to go public through one of Churchill Capital’s special-purpose acquisition companies (SPAC), Bloomberg News reported.

    BYJU’S has held talks with several potential SPAC partners and was working out an agreement with Michael Klein’s Churchill Capital, it was reported.The startup would raise a total of about $four billion and seek a valuation of about $48 billion. Churchill Capital VII raised more than $1.3 billion in an offering in February and trades on the New York Stock Exchange. 

    The edtech company was valued at $21 billion, according to market research firm CB Insights. While an announcement could come as soon as January, the negotiations are not final. Byju’s or Churchill could still opt out of such a deal, and Byju’s could consider an IPO in India next year, the report said, citing sources. 

    BYJU’S had earlier discussed a SPAC merger with Michael Dell’s MSD Acquisition Corp and Altimeter Capital Management, the report said.

    The startup had been aiming to file preliminary documents for a traditional initial public offering as soon as the second quarter of 2022 and was also considering a SPAC merger, Bloomberg News reported in September.

    Bangalore-based BYJU’s founded by Byju Raveendran, provides K-12 lessons, video material and one-to-one coding, math and reading classes and material to students in India and in countries in North America, the Middle East and Latin America.

    The startup is backed by US investment firm Tiger Global, Mark Zuckerberg’s Chan-Zuckerberg Initiative, Sequoia Capital India and BlackRock to name a few.

  • Good Glamm onboards Sukhleen Aneja as CEO of beauty & FMCG brands

    Good Glamm onboards Sukhleen Aneja as CEO of beauty & FMCG brands

    Mumbai: Beauty and personal care unicorn Good Glamm Group has onboarded Sukhleen Aneja as the CEO to head the brands business in order to step change its growth ambition of creating digital first House of Brands.

    In her new role, Aneja will be responsible for creating a strategic road map for leading digital first brands, integrating and scaling the recent acquisitions, and leveraging the digital ecosystem including content, creator and communities for creating a content-to-commerce powerhouse, said the company in a statement.

    Aneja brings with her nearly two decades of experience in the FMCG and beauty industry. Prior to joining Good Glamm Group she was the CMO for Reckitt’s hygiene portfolio across South Asia. She has been a force behind various award-winning campaigns for Reckitt while remaining focused on delivering strong commercial results. In her earlier roles, Aneja has managed diverse commercial teams delivering marketing ops and innovation for Reckitt Benckiser, Hindustan Unilever and L’Oréal Paris.

    As CEO – beauty & FMCG brands business Aneja will ensure strategic, financial and operational leadership for the brands while working closely with CXOs, founders of acquisitions, group founder Darpan Sanghvi and co-founders Priyanka Gill and Naiyya Saggi.  She will scale and deliver the organisation’s operational and fiscal goals for creating a future fit brand roadmap.

    “I am thrilled to join Good Glamm Group at a time where the D2C revolution in India has just begun. Beauty and personal care remain highly underleveraged online and that’s where lies the opportunity for creating strong and powerful consumer first brands leveraging the unique digital and content ecosystem that the group has built,” Aneja said.

    Good Glamm Group’s group founder and CEO Darpan Sanghvi  added, “We are extremely excited to have Sukhleen on board as we set our eyes on creating the biggest digital beauty conglomerate from South Asia. She brings with her an immense wealth of experience in building strong beauty and personal care brands combined with commercial acumen and consumer centricity. Sukhleen will be instrumental in defining the next phase of Good Glamm ‘s evolution in building the house of Brands including recent acquisitions like The Moms Co. & St. Botanica.”

    Anjeja has been recognised at ‘ET 40 Under 40’ and APAC ‘s Top 50 Marketers in APAC.