Early investor Tano Capital will be selling most of its stake for INR 30 Cr
Bessemer MD Vishal Gupta will be joining the board of MyGlamm
The funds will be used for international expansion
Mumbai-based beauty marketplace MyGlamm has raised $14.47 Mn (INR 100 Cr) in a funding round led by Bessemer Venture Partners and the Mankekar family office.
Existing investor beauty and cosmetics brand L’Occitane also participated in the round. With this, the company has been valued at $72.35 Mn (INR 500 Cr). Further, early investor Tano Capital will be selling most of its stake for INR 30 Cr. They will be making a 3x return on their investment.