The Good Glamm Group Cofounder Naiyya Saggi Eyes New Venture In Consumer Electronics

Content-to-commerce unicorn The Good Glamm Group’s cofounder Naiyya Saggi is reportedly exploring her second entrepreneurship journey with a new venture, now in the consumer electronics retail space.

Saggi joined The Good Glamm Group as a cofounder, when Mumbai-based parenting platform BabyChakra that she founded was bought by the group in an equity swap deal in 2021.

Inc42 has reached out to Saggi for comments on the development. The story will be updated based on her response.

According to Mint, citing people close to the matter, “Saggi is no longer operationally involved in running Good Glamm. Though she will continue to hold equity in the group, she will start another business.”

They added that discussions are on with some of the investors.

Founded in 2021 by Darpan Sanghvi, Priyanka Gill and Saggi, The Good Glamm Group is a privately held company that operates in the cosmetics and personal care, media and influencers industries.

The Good Glamm Group under its umbrella brand owns or has partnerships with D2C brands, including Sirona, The Moms Co, Organica Harvest, St. Botanica and Wyn Beauty, among others.

Last year, Gill left the company to join early stage venture firm Kalaari Capital.

A few days back, the group completed 100% acquisition of D2C mom and baby care brand The Moms Co.

Additionally, the company last raised its stake in The Moms Co from 75% to 90% in March 2023, resulting in partial exits of Moms Co cofounders and complete exits for investors like DSG Capital and Saama Capital.

Earlier this year, the group’s chief executive of D2C vertical The Good Brands Co, Sukhleen Aneja departed from the startup.

Good Glamm Group’s net loss ballooned to INR 917 Cr in FY23, up 153% from the INR 362.5 Cr it incurred in FY22. The startup’s revenue increased 2.8X in FY23 and operating revenue stood at INR 603 Cr, up 185% YoY.