Priyanka Gill, the co-founder of Good Glamm Group, a leading content-to-commerce beauty and personal care company, has joined Kalaari Capital, an early-stage venture capital firm, as a venture partner. She will be heading the CXXO initiative, which aims to support and scale more women-led businesses in the startup ecosystem.
Gill will also join the board of Good Glamm and become the chairperson of Good Media Co, the digital media arm of the group that runs popular platforms such as POPxo and Plixxo. She will continue to advise on strategic and investment matters for the group, while taking on special oversight for the content-to-commerce flywheel that has been the key driver of Good Glamm’s growth.
Gill’s move to a more strategic role at Good Glamm has been part of a planned transition over the last 12 months, the company said in a news release. Gill was the founder and CEO of POPxo, a digital community platform for women, which was acquired by Good Glamm in 2020 and merged with its beauty brand MyGlamm. Since then, Good Glamm has expanded its portfolio to include Sirona Hygiene, a feminine hygiene brand, and BabyChakra, a parenting platform.
Good Glamm achieved unicorn status in 2021, after raising $150 million in a Series D funding round led by private equity firm Warburg Pincus and Prosus Ventures. The company has a customer base of over 5.6 million and a network of 729 branches and 16,239 banking access points across 24 states and union territories in India.
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The Co-founder of Good Glamm Group: Priyanka Gill Said
I am excited to start this new chapter in my career as a venture partner at Kalaari Capital,” Gill stated. I have the wonderful chance to combine my love of entrepreneurship with the startup ecosystem. I am honoured to be elevated to the board of Good Glamm Group. As chairperson of Good Media Co, I am invested in ensuring the pivotal content-to-commerce flywheel that built Good Glamm Group continues to perform even better.
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Vani Kola, founder of Kalaari Capital Said
I am delighted to welcome Priyanka on board Kalaari Capital as a venture partner advising our D2C portfolio,” stated Vani Kola, the managing director and founder of the company. Her background as an entrepreneur puts her in a unique position to advise and assist business owners.
Kalaari Capital is an early investor in Good Glamm and has backed several other successful startups such as Cure.fit, Myntra, Dream11, and Zivame. The firm launched the CXXO initiative in 2020, with Gill as the founding board member, to empower women entrepreneurs and create a more inclusive and diverse startup ecosystem.
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