Key Points
- Good Glamm Group wrapped up the ₹450 crore acquisition of Sirona Hygiene.
- It was an all-cash deal, building on a previous ₹100 crore investment.
- Sirona’s revenue has tripled over the last two years.
- Founders Deep and Mohit Bajaj are stepping down from their active roles.
- The deal comes with perks for Sirona’s employees through accelerated ESOP vesting.
Looma News
Huge news in the women’s health scene: Good Glamm Group just wrapped up its acquisition of Sirona Hygiene for a crazy ₹450 crore. This all-cash deal follows Good Glamm’s earlier ₹100 crore investment in Sirona back in 2022, helping the feminine hygiene startup shine.
Sirona has been killing it lately, tripling its revenue in just two years. That’s seriously impressive! But with this new chapter, founders Deep Bajaj and Mohit Bajaj, who already stepped back from daily operations earlier this year, are saying goodbye as active directors. It’s a bittersweet moment, but it looks like Good Glamm is set to take Sirona to new heights globally.
Darpan Sanghvi, the Group Founder and CEO of Good Glamm, is super pumped about the shared vision to empower women with cool health solutions. Deep’s on the same page, highlighting how Sirona’s products like PeeBuddy and Menstrual Cups have reached millions of women in India. They see this acquisition as a big win for all their hard work and are excited for what’s next.
There’s good news for Sirona’s employees too. They’re getting some nice benefits from accelerated ESOP vesting, which is a sweet bonus. Overall, this acquisition is looking like a game-changer in the feminine hygiene space, with big plans to make a lasting impact on women’s wellness worldwide.
