THE WHAT? MyGlamm has raised INR 13.5 Cr from venture capital firm Trifecta Capital, in the form of debt, equity and preference shares, according to inc42.com.
THE DETAILS The Mumbai-based beauty company has raised INR 12 Cr by allocating 120 debentures of INR 10 Lakh per debenture to Trifecta, according to a filing at the Ministry of Corporate Affairs (MCA).
The company has also committed 135 preference shares to Trifecta, indicating that there will be another round of funding.
THE WHY? MyGlamm has a history of raising money via funding rounds, having previously raised INR 100 Cr in a round led by Bessemer Venture Partners and the Mankekar family office, as well as L’Occitane, an investor in the company.
The company has previously raised $6 million in a round led by L’Occitane.