Total amount raised
$138.4 Millions
Latest funding date
10/01/2021
Location
MyGlamm operates as an e-commerce platform specializing in beauty and cosmetic products, offering a wide range of makeup, skincare, hair care, bath and body products, and sanitizing care. The business model is direct-to-consumer (D2C), allowing customers to purchase products directly from their website.
Keep reading to explore the intricacies of MyGlamm's fundraising journey and the investors backing this innovative platform.
What Is MyGlamm?
MyGlamm is a premium beauty and cosmetics brand that offers a diverse range of products, including makeup, skincare, hair care, bath and body products, and sanitizing care. The brand is known for its collaborations with celebrities and influencers, creating exclusive collections.
Operating within the beauty and cosmetics industry, MyGlamm emphasizes user engagement through social media and offers various promotional deals and gift sets. The brand also promotes its mobile app for a better shopping experience.
How Much Funding Has MyGlamm Raised?
- Venture Round
- Amount Raised: $5.3M
- Date: March 2017
- Lead Investors: L'Occitane en Provence
- Venture Round
- Amount Raised: ₹1B
- Date: June 2019
- Lead Investors: Bessemer Venture Partners
- Debt Financing
- Amount Raised: ₹120M
- Date: March 2020
- Lead Investors: Trifecta Capital Advisors
- Venture Round
- Amount Raised: ₹15M
- Date: March 2020
- Lead Investors: Trifecta Capital Advisors
- Series B
- Amount Raised: ₹330M
- Date: June 2020
- Series C
- Amount Raised: ₹1.8B
- Date: March 2021
- Lead Investors: Amazon, Ascent Capital, Wipro Consumer Care Ventures
- Venture Round
- Date: June 2021
- Lead Investors: Shraddha Kapoor
- Series C
- Amount Raised: ₹3.6B
- Date: July 2021
- Lead Investors: Accel
- Series C
- Amount Raised: ₹2.6B
- Date: September 2021
- Lead Investors: Stride Ventures, Trifecta Capital Advisors
- Debt Financing
- Date: October 2021
- Lead Investors: Trifecta Capital Advisors
MyGlamm has raised a total of $5.3M in funding.
Key Investors
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a leading venture debt firm in India, providing structured debt solutions to high-growth companies. They have a strong track record of supporting startups and mid-sized companies in various sectors.
- Investment Focus Areas: Technology, Consumer, Healthcare, Financial Services
- Notable Investments: BigBasket, UrbanClap, CarDekho
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class companies. They have a significant presence in the technology and internet sectors.
- Investment Focus Areas: Technology, Internet, Consumer Products, Healthcare
- Notable Investments: Facebook, Flipkart, Dropbox
- Amazon
- Details: Amazon is a multinational technology company focusing on e-commerce, cloud computing, and artificial intelligence. It is one of the world's most valuable companies.
- Investment Focus Areas: E-commerce, Cloud Computing, Artificial Intelligence, Consumer Electronics
- Notable Investments: Rivian, Deliveroo, Ring
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm with a rich history of investing in early-stage companies. They have a diverse portfolio across various industries.
- Investment Focus Areas: Technology, Healthcare, Financial Services, Consumer Products
- Notable Investments: LinkedIn, Shopify, Pinterest
- L'Occitane en Provence
- Details: L'Occitane en Provence is a global retailer of body, face, fragrances, and home products. The company is known for its high-quality, natural beauty products.
- Investment Focus Areas: Beauty, Skincare, Fragrances
- Notable Investments: Elemis, LimeLife by Alcone, Erborian
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