Good Glamm in jam, investors exit board
Good Glamm Group, a Mumbai-based unicorn, saw investor exits from its board amid financial issues like fund constraints, delayed salaries, and layoffs. Representatives from Accel Partners, Bessemer, and Prosus Ventures resigned in December. The company is restructuring and planning a new fundraise. These exits highlight corporate governance concerns, reminiscent of similar issues at Byju's.
Good Glamm Group, a Mumbai-based unicorn, saw investor exits from its board amid financial issues like fund constraints, delayed salaries, and layoffs. Representatives from Accel Partners, Bessemer, and Prosus Ventures resigned in December. The company is restructuring and planning a new fundraise. These exits highlight corporate governance concerns, reminiscent of similar issues at Byju's.
