Good Glamm breaks up as lenders initiate brand-wise asset sale – Times of India

Good Glamm breaks up as lenders initiate brand-wise asset sale – Times of India

BENGALURU: Good Glamm Group’s managing director and CEO Darpan Sanghvi has confirmed that the company will no longer operate as a single consumer goods entity, with lenders now enforcing their charge over individual brands in the portfolio.In a LinkedIn post, Sanghvi said the group structure will be dismantled and assets sold separately, following failed attempts…

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Good Glamm in jam, investors exit board | India News – The Times of India

Good Glamm in jam, investors exit board | India News – The Times of India

BENGALURU: Mumbai-based unicorn Good Glamm Group became the latest startup to witness investor exits from its board, drawing attention to corporate governance issues in India’s startup ecosystem. Representatives from three venture capital firms – Anand Daniel, partner at Accel Partners, Vishal Gupta, partner at Bessemer, and Gaurav Kothari, principal at Prosus Ventures – stepped down…

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