Archive · 23 Jul 2025
The Good Glamm Group To Sell Brands Individually Amid Financial Struggles
Imagine a company that makes and sells beauty products, called The Good Glamm Group.
They're having money troubles, like not being able to pay people.
They've decided to sell each of their brands separately, not as a whole.
The boss, Darpan Sanghvi, is promising to use a part of his future earnings to pay employees who haven't been paid.
He's also starting a special fund to pay back people and companies they owe money to.
This company was once worth a lot of money but made some bad investments, so it's not doing well now.
The Good Glamm Group is selling its brands individually due to financial difficulties.
Darpan Sanghvi, the founder, is committed to using 25% of his future earnings to pay unpaid salaries.
A 'Good Glamm Restitution Fund' will be created to settle vendor and shareholder dues.
The company faced rising costs, debt, and unsuccessful acquisitions.
Good Glamm became a unicorn in 2021 but has struggled since.
- Who
- The Good Glamm Group and its founder, Darpan Sanghvi.
- What
- The Good Glamm Group is selling its brands individually.
- When
- The decision was made recently due to financial issues.
- Where
- Delhi-based company, The Good Glamm Group.
- Why
- Due to rising costs, high cash burn, and mounting debt.
Good Glamm Group
Lenders
Business Strategy Shift
Good Glamm Group
Focus on business expansion through acquisitions.
Lenders
Prioritizing profitability and reducing costs.
- Company
- The Good Glamm Group
- Founder
- Darpan Sanghvi
- Status
- Selling individual brands
- Unicorn Status
- Achieved in 2021
- FY23 Losses
- ₹917 crore
- FY23 Revenue
- ₹603 crore