MyGlamm

MyGlamm

Online store offering multi-category beauty products

Founded

2015

Headquarters

Mumbai (India)

Status

Series C

Company Details

Website

Socials

Email

Phone

+91 - 2248913663

MyGlamm is a leading Indian beauty and personal care brand. Operating under the umbrella of the Good Glamm Group, MyGlamm has rapidly emerged as a pioneer in the direct-to-consumer (D2C) beauty space, serving customers across India’s Tier 1, 2, and 3 cities. The brand’s core markets are urban and semi-urban India, with a strong presence both online and offline.

Core Products & Services

  • Cosmetics: Foundations, concealers, lipsticks, eye makeup, nail products, and curated makeup kits.

  • Personal Care: Skincare, haircare, bath & body, and luxury product lines (including Manish Malhotra Luxury Makeup and POPxo Makeup).

  • On-Demand Beauty Services: At-home beauty and grooming services, including makeup, hairstyling, and nail art, bookable via app or website.

  • Digital Content: Beauty tutorials, influencer collaborations, and personalized recommendations via its app and content platforms.

Business Model & Revenue Streams

MyGlamm operates a hybrid D2C model, blending e-commerce, offline retail, and on-demand beauty services. The company’s strategy revolves around a content-to-commerce approach, using digital media, influencer marketing, and community engagement to drive product discovery and sales.

  • Direct Product Sales: The primary source of revenue, generated through online (website/app) and offline (flagship stores, retail partners) channels.

  • On-Demand Services: Fees collected from at-home beauty and grooming services booked via the platform.

  • Subscription Services: Offering exclusive discounts, early access, and personalized recommendations through paid membership plans.

  • Advertising & Affiliate Income: Revenue from running targeted ads and cross-promotions for partner brands on its digital platforms.

  • Brand Collaborations & Licensing: Partnerships with celebrities, designers (e.g., Manish Malhotra), and influencers for co-branded product lines.

Customer Segmentation

  • B2C: Focused on women aged 16–35, spanning urban and semi-urban markets, seeking affordable, high-quality, and trendy beauty solutions.

  • B2B: Retailers, distributors, and beauty professionals through partnerships and collaborations.

Growth Strategy

  • Market Expansion: Growing offline presence with 20,000+ POS and flagship stores across India, targeting deeper penetration in Tier 2 and 3 cities.

  • Product Innovation: Rapidly launching new product lines and collaborating with influencers and celebrities to stay ahead of trends.

  • Acquisitions: Strategic acquisitions of content and tech platforms (POPxo, BabyChakra, MissMalini) to strengthen its content-to-commerce ecosystem.

  • Community & Content: Investing in digital content, beauty education, and community-building to drive customer loyalty and engagement

Summary

MyGlamm has redefined the Indian beauty landscape by merging content, community, and commerce into a seamless D2C platform. Its innovative business model, strong digital and offline presence, and relentless focus on customer engagement and product innovation position it as a market leader and a compelling prospect for investors, researchers, and industry professionals.

Key People

Darpan Sanghvi

Naiyya Saggi

Disha Sanghvi

Key Metrics

Total Equity Funding

$313 Million

No. of Funding Rounds

7

Latest Funding Round

$22 Million, Series C

as of August 21, 2022

Post Money Valuation

$120 Million

as of February 2, 2025

Funding Multiple

0.38x

as of February 2, 2025

Investors

Bessemer Venture Partners

and 9 more

Employee Count

511

Similar Companies

The Moms Co

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
August 21, 2022Series C$22 Million--- Ascent Capital, Amazon and Wipro Consumer
September 28, 2021Series C$13.5 Million--- Trifecta Capital
July 26, 2021Series C $47.7 Million---Accel, Bessemer Venture Partners, Ascent Capital, Mankekar Family Office, Trifecta Capital, Stride Ventures ,Amazon, L'Occitane
March 18, 2021Series C $24.0 Million--- Ascent Capital, Amazon, Wipro
June 19, 2019Series B$14.5 Million---Bessemer Venture Partners, Mankekar Family Office
April 7, 2016Series A$6.0 Million---Brand Capital , Tano Capital, L'Occitane

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