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GOOD GLAMM RESTRUCTURING
Good Glamm founder Darpan Sanghvi launches startup acceleration platform CoFounder CircleThe artificial intelligence (AI)-led platform is designed to provide entrepreneurs access to cofounders, team members, interns, fractional ...- Too much, too fast, too big: Good Glamm CEO on what went wrongFounder Darpan Sanghvi's comments come days after lenders moved to enforce charges on the company’s individual brands, effectively dismantl...
- Inside Good Glamm’s collapse: A timeline of how the crisis unfoldedThe Good Glamm Group’s strategy to build a ‘house of brands’ has come to an abrupt halt as lenders enforce their charge on its individual b...
- End of the road for Good Glamm Group: lenders trigger asset breakup; brands up for sale individuallyThe Good Glamm Group will dissolve as lenders enforce charges on individual brands, leading to brand-by-brand sales. The company's restruct...
- Good Glamm’s cash crunch: funding delays, unpaid salaries and a major business restructuringThe troubled startup is undergoing restructuring of its operations as it faces rising financial challenges. Cofounder and CEO Darpan Sanghv...
- Good Glamm restructuring talks underway, says CEO Darpan SanghviThe Good Glamm Group is facing financial difficulties, leading to restructuring discussions and brand sales. Salary delays and funding stru...
- Insolvency plea filed against FirstCry subsidiary GlobalBeesIn an exchange filing, BrainBees Solutions, parent company of FirstCry, said that Ashutosh Garg, Paritosh Garg and Manju Agarwal have petit...
- Good Glamm misses payroll again; Uber top-deck reshuffleCash-strapped beauty platform Good Glamm Group did not pay wages for the second month in a row. This and more in today’s ETtech Top 5.
- Startups eye insurance pie; Good Glamm’s salary delayHappy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
- GlobalBees CEO Nitin Agarwal resigns; Anuj Jain to take overNitin Agarwal, CEO of FirstCry’s house of brands arm GlobalBees, has resigned citing personal reasons, according to a stock exchange filing...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding strugglesOvervalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original ...
- Founders on a second innings: For some, it’s a venture out; for others, a point to proveAmid a tech and venture capital reset, many founders have left their startups to launch new ventures, leveraging past experience and networ...
- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- Roll-up brands firm Goat Brand Labs raises $21 million in a mix of debt and equityBlackRock, Mayfield, and NB Ventures, among others, chipped in, while some existing investors like Flipkart’s venture arm stayed away. Foun...
- Startup layoffs in 2024: Ola Electric, Byju’s, Flipkart among firms shedding jobsIndian startups and large new-age companies have been cutting down their workforce since the beginning of this year.
- Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshakeHappy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with...
- Infosys Q4 earnings; layoffs at Good Glamm groupIndia’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.
- Content-to-commerce platform The Good Glamm Group lays off 150 employeesThe Good Glam Group said it is working with a new organisational framework to rejig its operations, which led to the layoffs over the past ...
- Govt platform coming up for auto-updating docs via Aadhaar; Good Glamm hikes stake in The Moms CoThe government is developing a platform to help citizens who store their documents in DigiLocker to auto-update their address and other dem...
- D2C beauty firm The Good Glamm restructures business into three divisionsThe beauty and personal care brands, the media company, and the content platform will operate under each of these three divisions.
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