India, July 27 -- Another unicorn has fallen. The Good Glamm Group's breakdown has been coming for months, but this week CEO Darpan Saghvi made it official.
The company will look to sell off its acquired brands after already offloading a bunch of acquired companies in the past year. The GGG situation is a bleak example of what happens when startups go on acquisition sprees with millions of dollars in VC funding with no strategy in place - mirroring what happened at BYJU'S.
Both unicorns now lie in dust with their assets being sold off or potentially being liquidated. So this Sunday, we look at everything that went wrong in the Good Glamm Group story. Before that, a look at a few of the top stories from our newsroom this week:
India's S...
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