THE WHAT? The Good Glamm Group has acquired a majority 51 percent stake in the content-platform Tweak, owned by Actor and entrepreneur Twinkle Khanna.
THE DETAILS Acquired for an undisclosed sum, Tweak is a digital platform that focus on women-related topics such as relationships and sustainable living.
Following the cash and stock deal, the Mumbai-based brand will function under Good Media Co, led by The Good Glamm Group Founder Priyanka Gill.
Tweak Founder and CEO Khanna will continue in this role and take a seat as a stakeholder in The Good Glamm Group.
THE WHY? The acquisition is said to enable The Good Glamm Group to get access to the Tier I markets in which Tweak has a strong presence.
Khanna said, “This strategic partnership will give Tweak India a cohesive platform to grow and optimize our strengths. In building a scalable business, one must always be ready to take the next leap and I am positive that the merger with the Good Glamm Group will help me pull off a Produnova with three perfect somersaults and ensure that we all land firmly on our feet.”
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