Beauty products and content firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/good-glamm-group” target=”_blank”>Good Glamm Group, which is facing a cash crunch and is looking to raise capital at a significantly marked down valuation, has completed the sale of its digital media subsidiary, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/scoopwhoop” target=”_blank”>ScoopWhoop, to Bengaluru-based marketing agency WLDD, people in the know said.The sale, made at a valuation of Rs 18-20 crore, is only a fifth of the Rs 100 crore valuation at which ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/good-glamm” target=”_blank”>Good Glamm Group acquired ScoopWhoop in 2021.
The Mumbai-based company was also looking to sell stake in personal care brands such as Organic Harvest, The Mom’s…
