In a cash and stock transaction, The Good Glamm Group has acquired a 51% majority stake in the digital media company Tweak India.
Following this acquisition, Mumbai-based Tweak India will operate under Good Media Co. led by Priyanka Gill, co-founder of Good Glamm Group and CEO of Good Media Co. She will also become a shareholder in Good Glamm Group.
This strategic acquisition will give Good Glamm Group a deeper reach into the Tier 1 demographic, aggressively improving gameplay and unique creator commerce. Good Glamm Group's content and commerce package along with Tweak India's content capabilities and audience of 6 million MAUs and 15 million impressions per month will further enhance the group's D2C capabilities, the company said in a statement from press.
Good Media Co. includes websites that provide digital media, such as POPxo, ScoopWhoop, BabyChakra, MissMalini Entertainment, and as of recently, Tweak India.
Darpan Sanghvi, Group Founder and CEO of The Good Glamm Group, said: "Twinkle is India's first celebrity to make a deep connection with the Indian consumer through a successful cutting-edge digital media company. We are excited to partnering with author and entrepreneur Twinkle to continue taking Tweak India to the next level. New horizons and enhancement of Good Glamm Group's content creation marketing strategy."
This strategic alliance will provide Tweak India a solid foundation to develop and strengthen our strengths, according to Khanna. When building a scalable business, one must always be ready to take the next leap and I am confident that the merger with Good Glamm Group will help me to acquire Produnova Three Perfect Somersaults and ensures that we all land firmly on our feet.”
Jill added: "I have always admired Twinkle for her intelligence and tenacity and have been a huge fan of her books - she is an incredible author. What Twinkle has created with Tweak India is exceptional and I am so excited to welcome her to Good". Glamm Family We look forward to creating impactful content together at Good Media Co to reach and engage new audiences.”
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