Darpan Sanghvi | |
---|---|
Born | |
Nationality | Indian |
Education |
Bachelors in Mechanical Engineering Master of Business Administration |
Alma mater |
Maharashtra 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 |
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]
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]
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]
Darpan Sanghvi | |
---|---|
Born | |
Nationality | Indian |
Education |
Bachelors in Mechanical Engineering Master of Business Administration |
Alma mater |
Maharashtra 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 |
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]
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]
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]