Good Glamm scouts for investors, streamlining ops amid financial crunch

Q: How long will it take to read this news story?

The story "Good Glamm scouts for investors, streamlining ops amid financial crunch" has 779 words across 28 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Good Glamm scouts for investors, streamlining ops amid financial crunch" was covered 4 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 398 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25674316</li><li>URL: https://beamstart.com/news/good-glamm-scouts-for-investors-17383374296774</li></ul>

Business Standard Logo Business Standard 4h ago

Good Glamm scouts for investors, streamlining ops amid financial crunch - Business Standard

Quick Summary:

Sources privy to the development said that the company is actively streamlining its operations to address various challenges.“Regarding the salary delays, it only affected 15 per cent of the leadership team, and they have since received their payments,” said a person.

Analysts are now betting on sectoral consolidation deals gathering momentum as the companies in the overcrowded direct-to-consumer (D2C) space face challenges related to scaling up, funding and profitability.

It also acquired local discovery and e-commerce platform Little Black Book (LBB).“The strategy for D2C firms related to ‘growth at all costs’ followed by bigger funding rounds without bothering about losses is not working anymore.