News > MyGlamm to raise Rs 110 cr from new, existing investors; to wrap up fund-raising by Jan

MyGlamm to raise Rs 110 cr from new, existing investors; to wrap up fund-raising by Jan

04/12/2020 07:22 PM | Click to read full article

Direct-to-consumer beauty brand MyGlamm is in advanced discussions for fund-raising, where it expects to raise close to Rs 110 crore from new and existing investors. The company, which turned EBITDA-positive recently, hopes to close the fund-raising exercise by January 2021, Darpan Sanghvi, Founder and CEO, MyGlamm said.

The last round of fund-raising was in June 2019, when the company had raised Rs 100 crore.