Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch

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Representatives of investment firms Accel, Prosus Ventures and Bessemer Venture Partners have stepped down from the board of Good Glamm Group, in a fresh setback for the cash-crunched beauty and personal care firm.Accel partner Anand Daniel, Bessemer partner Vishal Gupta and Gaurav Kothari, a principal at Prosus Ventures, resigned as independent directors in December, according to Good Glamm Group’s filings with the Ministry of Corporate Affairs.

The resignations come at a turbulent time for the Mumbai-based company, which has been battling a fund…



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Accel, Prosus, Bessemer directors quit Good Glamm board amid cash crunch


Representatives of investment firms Accel, Prosus Ventures and Bessemer Venture Partners have stepped down from the board of Good Glamm Group, in a fresh setback for the cash-crunched beauty and personal care firm.Accel partner Anand Daniel, Bessemer partner Vishal Gupta and Gaurav Kothari, a principal at Prosus Ventures, resigned as independent directors in December, according to Good Glamm Group’s filings with the Ministry of Corporate Affairs.

The resignations come at a turbulent time for the Mumbai-based company, which has been battling a fund…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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