What is MYGLAMM?
MYGLAMM is an Indian online makeup brand established in 2017, headquartered in Maharashtra. The company operates on an on-demand model, providing users with convenient access to a wide range of beauty products. MYGLAMM has strategically positioned itself within the rapidly growing Indian e-commerce landscape, aiming to disrupt traditional retail channels through its digital-first approach. The company's focus on accessibility and a diverse product portfolio caters to the evolving needs of modern consumers seeking personalized beauty solutions.
How much funding has MYGLAMM raised?
MYGLAMM has raised a total of $238.7M across 6 funding rounds:
Angel/Seed
$2M
Series A
$6M
Unspecified
$5.4M
Series B
$4.3M
Series C
$71M
Series D
$150M
Angel/Seed (2015): $2M with participation from Tano Capital
Series A (2016): $6M led by Brand Capital, Tano Capital, and L'Occitane en Provence
Unspecified (2017): $5.4M supported by L'Occitane
Series B (2020): $4.4M, investors not publicly disclosed
Series C (2021): $71M backed by Accel, Wipro Consumer Care Sdn. Bhd, Amazon, and Ascent Media Group LLC
Series D (2021): $150M with participation from Alteria Capital, L'Occitane, Prosus, Warburg Pincus, Mankekar Family Office, Amazon, Bessemer Venture Partners, and Ascent Capital Group
Key Investors in MYGLAMM
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs. Accel aims to be the first partner for teams looking to scale and succeed in their respective markets. Their services are tailored to meet the needs of startups and growing businesses.
Amazon
Amazon is a global e-commerce and cloud computing company founded in 1994 and headquartered in Seattle, Washington. The company operates through three main segments: North America, International, and Amazon Web Services (AWS). Amazon's retail platform offers millions of products across numerous categories through websites including amazon.com, amazon.ca, amazon.fr, amazon.de, and many others worldwide. The company manufactures electronic devices such as Kindle e-readers, Fire tablets, Fire TVs, and Echo smart speakers. Amazon provides services including AWS cloud computing, Kindle Direct Publishing for authors, marketplace platforms for third-party sellers, digital content streaming, and Amazon Prime membership program offering benefits like free shipping and media streaming. The company serves diverse customer segments including consumers, merchants, content creators, and enterprise clients across global markets.
Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing. Operating as a private partnership, the firm leverages decades of experience to support investors and management teams in building long-term, sustainable success across diverse market cycles. Warburg Pincus focuses on identifying and nurturing opportunities that span multiple industries, stages of development, and geographic regions, combining strategic insight with operational support to create enduring value.
What's next for MYGLAMM?
The recent major strategic investment signals a new phase of aggressive scaling for MYGLAMM. This capital is expected to fuel product development, enhance technological infrastructure, and expand market reach both domestically and potentially internationally. Strategic partnerships and further acquisitions may also be on the horizon as MYGLAMM aims to consolidate its leadership in the beauty-tech space. The company's ability to attract significant backing from prominent investors highlights its strong potential for continued innovation and market penetration.
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