“A gut punch out of nowhere”: CEO Darpan Sanghvi on Good Glamm's crisis

Good Glamm CEO issues public apology amidst funds crunch, unpaid salaries' crisis

The Good Glamm Group’s financial troubles show no signs of ebbing. The situation has forced Darpan Sanghvi, CEO and managing director, to issue a public apology. In a LinkedIn post shared via the company’s official page, Sanghvi acknowledged the delays in salary payments and accepted moral responsibility for the impact it has had on hundreds of employees. He admitted that the company’s financial downfall had reached a level that Sanghvi had “nev…

“A gut punch out of nowhere”: CEO Darpan Sanghvi on Good Glamm's crisis

New Delhi: Darpan Sanghvi, Managing Director and CEO of the embattled Good Glamm Group, has issued a public apology on LinkedIn, acknowledging the company’s ongoing financial crisis, delayed salaries, and dues owed to former employees and vendors.  The post comes in the wake of mounting backlash against the unicorn startup, accused of defaulting on final settlements and payments for months. In his post, Sanghvi recounted how a major acquisition …