Good Glamm initiates arbitration against portfolio company investor IAN: sources

The legal battle among Good Glamm group, its portfolio firms and their investors has intensified, with the content-to-commerce company initiating arbitration proceedings against Indian Angel Network (IAN).
The Mumbai-based firm, which has received legal notices from the founders and shareholders of some of the startups it acquired in 2021, initiated the proceedings against the angel investor group at the Indian Council of Arbitration, people briefed on the developments told ET.