The Good Glamm Group, a leading content-to-commerce unicorn, has finalized its acquisition of a 100% stake in The Moms Co., a prominent mother and baby care brand, for an undisclosed amount. This acquisition marks the culmination of a relationship that began nearly three years ago when Good Glamm first invested in the brand.
Acquisition History
In October 2021, Good Glamm acquired a majority stake in The Moms Co. through a cash-and-stock deal, which facilitated partial exits for the brand’s founders, Malika Sadani and Mohit Sadani, as well as full exits for investors like DSG Capital and Saama Capital. Over the past two years, Good Glamm systematically acquired the remaining shares held by the founders, completing the transaction earlier this week.
This recent development follows Good Glamm’s acquisition of feminine hygiene brand Sirona Hygiene for approximately ₹450 crore in an all-cash deal, which resolved disputes over pending payments. Sirona’s founders, Deep Bajaj and Mohit Bajaj, along with investor IAN, withdrew default notices after Good Glamm agreed to revised payment terms.
Strategic Growth Initiatives
Good Glamm has also increased its shareholding in other portfolio brands, including Organic Harvest and Winkl, as part of its strategy to consolidate its market position. The Moms Co. has experienced significant growth under Good Glamm’s ownership, particularly with its international expansion into the UAE, where its products are now sold in major retail chains like Carrefour and Lulu supermarkets. The brand is actively exploring entry into new international markets.
Founders’ Perspective
Malika Sadani and Mohit Sadani, who stepped down from operational roles a year after the initial acquisition, expressed optimism for the brand’s future. “It has been wonderful to see the Good Glamm team integrate The Moms Co. across various functions and grow the brand. We are excited for what lies ahead and wish the teams all the success in this next phase,” they stated.
Good Glamm Group’s Portfolio
The Good Glamm Group operates across multiple verticals within the beauty and personal care sector. Its portfolio includes notable brands such as MyGlamm, St Botanica, Organic Harvest, Sirona, and now The Moms Co. Additionally, its media arm, The Good Media Co., oversees digital properties like POPxo, ScoopWhoop, MissMalini, BabyChakra, and Tweak India. Meanwhile, The Good Creator Co. manages influencer collaborations and community engagement.
Backed by marquee investors including Warburg Pincus, Prosus Ventures, L’Occitane, Accel, and Amazon, the company raised $30 million in March 2024. In pursuit of profitability ahead of its planned IPO in 2025, Good Glamm has reduced marketing expenses, scaled back discounts, and downsized its workforce.
Leadership Changes and Future Outlook
However, the company has experienced significant leadership changes this year. Notably, former CEO of The Good Brand Co., Sukhleen Aneja, joined Nykaa, while Priyanka Gill, co-founder of Good Glamm’s media arm, moved to Kalaari Capital.
With a vision to become a comprehensive beauty and content powerhouse, Good Glamm continues to strengthen its market presence through strategic acquisitions and operational efficiency. Future initiatives for The Moms Co. include launching new products, expanding into additional international markets, and enhancing digital capabilities to maintain a competitive edge in the beauty and personal care industry.
In summary, this acquisition not only consolidates The Moms Co.’s position within Good Glamm’s portfolio but also reinforces Good Glamm’s commitment to driving innovation and growth in the D2C segment of the beauty market.
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