India’s fastest growing DTC beauty brand MyGlamm has closed its Series C funding round at $71M, with a top up of $47.5M.
MyGlamm had opened its Series C earlier in March this year with a $23.5M investment from Ascent Capital, Amazon and Wipro. And it has now closed the Series C with an additional $47.5M that saw Accel lead the round with participation from Bessemer Venture Partners, L’Occitane, Ascent, Amazon, Mankekar family, Trifecta and Strides Ventures.
Founded in 2017 by Darpan Sanghvi and Co-Founded by Priyanka Gill, MyGlamm is India’s fastest growing D2C beauty brand offering a range of over 800 cruelty-free and vegan products across makeup, skincare and personal care. While it is digital-first, MyGlamm also has over 10,000 offline points of sales across 70 cities in India.
“We have always admired a high quality firm like Accel from the outside and it is a privilege to now have them on the inside at MyGlamm. Their track record and expertise on what it takes to build a consumer internet business in India is something that we look forward to tapping into. We are delighted to have closed our Series C and are excited to focus on execution and fulfilling our vision of creating India’s largest beauty company, with great brands and products built on the back of DTC, digital and data,” says Darpan Sanghvi, Founder and CEO, MyGlamm.
