Three independent directors from The Good Glamm Group, representing Prosus Ventures, Accel, and Bessemer Venture Partners, resigned from the board amid financial challenges, including delayed employee salaries and workforce reductions of 15%. The company is currently finalizing a new funding round after receiving term sheets in December but has faced issues with default notices from acquired brands. The Good Glamm Group has raised $432 million over 22 funding rounds, with its latest Series E round in April 2024 valuing it at $1.25 billion. Recent executive departures include the CEO of its D2C vertical and a co-founder.