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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In the week gone by, this is the second such sale by the content-to-commerce company as it struggles for funds.
The Good Glamm Group has signed an agreement to sell its media property ScoopWhoop to marketing company Wubba Lubba Dub Dub (WLDD) in an all-cash deal of Rs 20 crore. The deal was signed nearly a week ago, on 15 February, and took less than a month to materialize for the two parties. Arihant Jain, co-founder and chief executive of Bengaluru-based WLDD, confirmed the development to The Morning Context. Additionally, another person aware of the developments confirmed the sale, requesting anonymity.
While The Good Glamm Group declined to comment on the matter, Jain says this acquisition is an all-asset sale …
Three board members have exited the beauty company, amid a severe cash crunch and an unraveling content-to-commerce narrative. New conversations suggest this billion-dollar story may have been all hype.
The company that runs a clutch of beauty and content brands is scrambling to find an investor or a buyer for its assets. Its problems go way beyond money though.
The once-promising media startup has seen its CEO resign in the wake of a yet-unreported sexual harassment complaint.
