CosmicTaco

WLDD Eyes ScoopWhoop Acquisition Amid GGG Crisis

CosmicTaco · 2025-02-21T11:05:59.097427+05:30

- WLDD is in advanced talks to acquire ScoopWhoop from the financially troubled Good Glamm Group (GGG). - A term sheet has been submitted by WLDD, and due diligence is currently underway. - GGG aims to sell ScoopWhoop for INR 18 Cr to INR 20 Cr, a significant drop from its 2021 acquisition price of INR 100 Cr. - The sale is part of GGG's efforts to address financial obligations, including employee salaries and vendor payouts. - This development follows GGG's recent sale of Sirona Hygiene back to its original founders. Source: [Inc42](https://inc42.com/buzz/wldd-in-talks-to-acquire-scoopwhoop-from-troubled-good-glamm-group/)

WLDD is in advanced talks to acquire ScoopWhoop from the financially troubled Good Glamm Group (GGG).
A term sheet has been submitted by WLDD, and due diligence is currently underway.
GGG aims to sell ScoopWhoop for INR 18 Cr to INR 20 Cr, a significant drop from its 2021 acquisition price of INR 100 Cr.
The sale is part of GGG's efforts to address financial obligations, including employee salaries and vendor payouts.
This development follows GGG's recent sale of Sirona Hygiene back to its original founders.

Source: Inc42