Darpan Sanghvi | |
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| Born | Mumbai, India |
| Nationality | Indian |
| Education | Maharashtra Institute of Technology, Pune |
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Darpan Sanghvi is an entrepreneur and mentor. [1] He is the founder of the beauty brand MyGlamm and the co-founder and former group CEO of the Good Glamm Group. [2] He is known for being an early adopter of the content-to-commerce model in India's beauty and personal care sector, and for his public commitment to compensating stakeholders following the dissolution of the Good Glamm Group in 2025. [3] [4] [5]
Sanghvi grew up in Mumbai and Pune, India. He studied engineering at the Maharashtra Institute of Technology in Pune. During his studies, he worked at Baazee.com (later acquired by eBay). He later pursued a dual degree MBA from ESADE Business School in Barcelona and the University of Texas at Austin. [1]
In 2015, Sanghvi founded MyGlamm as an on-demand beauty service. [6] Two years later, the company shifted to a direct-to-consumer cosmetics model and launched a makeup line in collaboration with fashion designer Manish Malhotra. By 2019, the brand had gained visibility in India's online beauty retail market. [7]
Between 2020 and 2021, MyGlamm acquired the digital media platform POPxo, the influencer network Plixxo, and the parenting site BabyChakra. These acquisitions were consolidated under the Good Glamm Group in October 2021. [8] The group was valued at US$1.2 billion the following month after raising US$150 million from investors, including Warburg Pincus, L’Occitane, Amazon, Prosus, Accel, and Bessemer Venture Partners. [9] [10]
From 2021 to 2022, the group expanded through the acquisitions of ScoopWhoop, Sirona, The Moms Co., St Botanica, Organic Harvest, and MissMalini. [11] It also entered into promotional partnerships with Indian film actors and media personalities. [12] In April 2024, the Good Glamm Group entered into a joint venture with Serena Williams to launch Wyn Beauty in the United States, distributed through Ulta Beauty stores. [9]
Beginning in early 2024, the group faced financial strain linked to its rapid expansion strategy. In July 2025, lenders initiated brand-by-brand asset sales, resulting in the group's dissolution. [13] Around the same period, Sanghvi published an essay titled The Momentum Trap, in which he reflected on the company's growth model and described it as "too much, too fast, too big." [14] Analysts and business publications noted the challenges the company faced in integrating multiple acquisitions. [15]
In July 2025, Sanghvi announced that he would allocate a portion of his future post-tax earnings to compensate former employees and pledged to make whole vendors, lenders, and equity shareholders of Good Glamm through a "Good Glamm Restitution Fund," which would receive equity allocations from his next venture. [16] Media reports described the pledge as an uncommon move among startup founders in India. [17] [18]