The online beauty brand marketplace backed by reached a $1.2bn valuation in a series D round co-led by Prosus Ventures.

Internet group Prosus co-led a $150m series D round for Good Glamm Group, the parent company of India-based online beauty marketplace MyGlamm, on Wednesday through its Prosus Ventures vehicle.

The round was co-led by Warburg Pincus and included e-commerce group Amazon, skincare brand L’Occitane, Bessemer Venture Partners (BVP), Ascent Capital, Stride Ventures, the Mankekar Family Office and Alteria Capital.

MyGlamm is an e-commerce platform for beauty, skincare and cosmetic products. The round valued it at $1.2bn and the proceeds will…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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