Darpan Sanghvi

Darpan Sanghvi is an Indian entrepreneur known for founding MyGlamm, a direct-to-consumer cosmetics company and then went on to found the Good Glamm Group, a content-to-commerce beauty and personal care conglomerate.[1]

Darpan Sanghvi
Born
Mumbai, Maharashtra
NationalityIndian
EducationBachelors in Mechanical Engineering
Master of Business Administration
Alma materMaharashtra Institute of Technology, Pune (2002)
ESADE Business School, Barcelona (2004)
McCombs School of Business, University of Texas at Austin (2004)
Occupation(s)Group Founder and CEO, the Good Glamm Group

Early life and education

Sanghvi grew up in Pune, Maharashtra, and studied mechanical engineering at the Maharashtra Institute of Technology, University of Pune.[2] He went on to acquire an MBA from ESADE Business School in Barcelona[3] with a dual degree from McCombs School of Business, University of Texas at Austin.[2]

Career

Sanghvi began his career as an entrepreneur at a young age when he started a content website called MastHungama.com. After that, he was hired by Baazee.com (now eBay India)[4] in 1999 as a marketing and business development manager.[3][5] After his MBA, Sanghvi began working with Celanese Chemicals[4] as a business analysis manager in Dallas and Singapore[5] where he remained for two years, until December 2006.[3] In 2007, Sanghvi tried his second startup in New York City which was creating a fitness tracker connected to a video game.[6] In 2008 he returned to India and started to look for entrepreneurial opportunities. In 2010, he acquired the master franchise for India of Spa L’Occitane,[2] a global beauty services company, and ran it for several years.[7][8] It was during this tenure that he saw much potential in the beauty industry, and decided to launch MyGlamm.[9]

Founding MyGlamm and Good Glamm Group

Sanghvi founded MyGlamm, a direct-to-customer cosmetics company in October 2017.[1][10] In 2020, Sanghvi acquired POPxo, a women-centric digital media platform founded by Priyanka Gill.[11] As Sanghvi was looking to partner with a content platform to create a content-to-commerce experience for MyGlamm and expand his business, the companies were merged.[12] In August 2021, MyGlamm also acquired the parenting community and platform BabyChakra founded by Naiyya Saggi.[13][14]

In September 2021, the founders consolidated the three companies - MyGlamm, POPxo, and BabyChakra, as the Good Glamm Group[15] with Sanghvi as the group founder and CEO, and Gill and Saggi as co-founders of the group.[16]

In 2021 the Good Glamm Group acquired 10 content, creator, and beauty brand companies[6] and also raised US$250 mn in Series C and Series D funding rounds of capital[17] from marquee investors such as Accel, Amazon, Ascent Capital, Alteria Capital, Prosus Ventures (Naspers), Stride Ventures, Trifecta Capital, Wipro Consumer and Warburg Pincus.[18]

The Good Glamm Group became South Asia’s first DTC beauty brand unicorn[19] valued at $1.2 billion in November 2021.[20][21]

References 
  1. Shanthi, S. (2022-08-09). "Darpan Sanghvi: The Makeover Man". Entrepreneur. Retrieved 2023-03-28.
  2. "MyGlamm Becomes India's Latest Startup Unicorn, Raises Funds At $1.2 Billion Valuation". OfficeChai. 2021-11-10. Retrieved 2023-03-28.
  3. Iyer, Rahul (2023-02-03). "Revolutionizing the Beauty Industry with MyGlamm: The Story of Good Glamm Group CEO Darpan Sanghvi". Leader Biography. Retrieved 2023-03-28.
  4. "Tano Capital invests in wellness services firm Sanghvi Brands". VCCircle. Retrieved 2023-03-28.
  5. Shrivastava, Aditi (2022-09-21). "The people behind Good Glamm Group's ultrafast scale-up". the-captable.com. Retrieved 2023-03-28.
  6. "Why Darpan Sanghvi has Lipstick on his Collar". thevoiceoffashion.com. Retrieved 2023-03-28.
  7. Bansal, Shuchi (2012-10-18). "Of spiritual and sensory luxury". mint. Retrieved 2023-03-28.
  8. Ahluwalia, Harveen (2016-11-11). "Sanghvi Brands looks to double revenue by March 2017". mint. Retrieved 2023-03-28.
  9. Sharma, Pragati Ratti (2016-10-27). "Words Of Wisdom: Venturing And Growing In Beauty And Wellness". Entrepreneur. Retrieved 2023-03-28.
  10. "15 Young Indian Entrepreneurs who are Making a Difference". Suger Mint. 2022-06-14. Retrieved 2023-03-28.
  11. Thaker, Naini (31 March 2021). "Personal Care Brands See Wind In Their Sales". Forbes India. Retrieved 2023-03-28.
  12. "Myglamm's Incredible Success Journey from Startup to Multi-Million Dollar Company". Suger Mint. 2022-04-02. Retrieved 2023-03-28.
  13. Thaker, Naini (14 July 2022). "How The Good Glamm Group Is Building A Content-to-commerce Behemoth". Forbes India. Retrieved 2023-03-28.
  14. Shanthi, S. (2022-01-14). "The Genesis and Vision Of Good Glamm Group". Entrepreneur. Retrieved 2023-03-28.
  15. "ScoopWhoop, The Moms Co. in bag... inside Good Glamm's acquisition binge". www.fortuneindia.com. Retrieved 2023-03-28.
  16. Bhatla, Prabhjeet (2021-10-21). "The Good Glamm Group Acquires Digital Media Platform ScoopWhoop". Entrepreneur. Retrieved 2023-03-28.
  17. Tandon, Suneera (2021-09-28). "MyGlamm parent scouts for digital-first beauty brands". mint. Retrieved 2023-03-28.
  18. Kapani, Puneet (2021-03-19). "D2C Brand MyGlamm Raises INR 175 Cr In Series C Round". Entrepreneur. Retrieved 2023-03-28.
  19. Sabharwal, Punita (2023-01-01). "The King of Content to Commerce". Entrepreneur. Retrieved 2023-03-28.
  20. Bhalla, Tarush (2021-11-09). "Good Glamm group turns into a beauty unicorn". mint. Retrieved 2023-03-28.
  21. Roy, Debjyoti (2022-01-26). "Good Glamm Group eyes $2 bn valuation". mint. Retrieved 2023-03-28.
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