Good Glamm’s cash crunch: funding delays, unpaid salaries and a major business restructuring

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Troubled beauty and personal care startup The Good Glamm Group is undergoing a series of restructuring efforts as it faces growing financial challenges. In a recent social media post, cofounder and CEO Darpan Sanghvi opened up about missed funding opportunities and their ripple effect on the business.

Here is a timeline of the key events in Good Glamm’s ongoing crisis:

2021: MyGlamm rebrands as The Good Glamm Group, transitioning into a house-of-brands platform. Around this time, it also acquired Priyanka Gill’s POPxo and Naiyya Saggi’s…



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Good Glamm’s cash crunch: funding delays, unpaid salaries and a major business restructuring



Troubled beauty and personal care startup The Good Glamm Group is undergoing a series of restructuring efforts as it faces growing financial challenges. In a recent social media post, cofounder and CEO Darpan Sanghvi opened up about missed funding opportunities and their ripple effect on the business.

Here is a timeline of the key events in Good Glamm’s ongoing crisis:

2021: MyGlamm rebrands as The Good Glamm Group, transitioning into a house-of-brands platform. Around this time, it also acquired Priyanka Gill’s POPxo and Naiyya Saggi’s…



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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