MyGlamm gets additional Rs 255 crore funding as part of Series C round

MyGlamm has raised an additional Rs 255 crore in a mix of debt and equity as part of its Series C funding round, a cofounder of the direct-to-consumer beauty brand said.

This takes the total proceeds in this round to Rs 785 crore ($106 million), the most raised by a beauty brand in Series C funding in India.

Of the latest tranche of Rs 255 crore, Rs 100 crore in equity funding has come from Trifecta Capital’s newly raised late-stage equity fund, Darpan Sanghvi told ET. The rest is debt — Rs 75 crore from Trifecta Capital’s debt fund and Rs 80 crore from Stride Ventures.