India: Amazon, Wipro Consumer lead $24m funding in beauty brand MyGlamm

Direct-to-consumer (D2C) beauty brand MyGlamm on Thursday said it has closed Rs175 crore Series C funding round with investments from Ascent Capital, Amazon, and Wipro Consumer, valuing the company at more than $100 million valuation mark. It is also one of the first investments made by Amazon in a beauty brand in India

Founded in 2017 by Darpan Sanghvi, MyGlamm offers over 600 cruelty-free and vegan products across makeup, skincare and personal care reaching out to over 10,000 offline point of sales across 70 cities in India. It plans to increase the network to 25,000 POS this year.

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