Ranveer Singh Investment in Sugar Cosmetic: Bollywood superstar Ranveer Singh has made his first startup funding in direct-to-consumer (D2C) logo Sugar Cosmetics. The corporate introduced this on Saturday. However, it has no longer disclosed the funding figures. Sugar Cosmetics began as a D2C logo in 2015 after which ventured into offline business in 2017. It is at the moment producing annual gross sales of over Rs 550 crore with a bodily presence with over 45,000 retail contact issues around the nation.
What did Ranveer Singh say
Ranveer Singh stated, “I’ve admired Sugar’s talent to construct an amazing fanbase over time and I’m excited to be part of this adventure and convey the emblem get right of entry to to top rate and high quality make-up merchandise specifically formulated by way of Indian ladies. lend a hand succeed in my venture of offering get right of entry to to
Sugar Cosmetics has raised $50 million
Sugar Cosmetics raised $50 million in Series D investment in June led by way of L Catterton’s Asia Fund. The spherical additionally noticed participation from present buyers. Among them are A91 Partners, Elevation Capital and India Quotient. It added that Ranveer’s new funding is predicted to provide an additional impetus to sugar’s growth in different attainable markets.
What co-founder Vinita Singh stated
Vinita Singh, Co-Founder and CEO, Sugar Cosmetics stated, “Sugar is the make-up of selection for daring, impartial ladies who refuse to be stereotyped in roles and if any individual stocks the similar DNA as us, it’s Ranveer. “
Ranveer’s spouse Deepika Padukone additionally has many startup investments
Ranveer’s actor-wife Deepika Padukone has invested in different startups via their funding arm KA Enterprises, comparable to Epigamia, Nua, Blue Smart, Bellatrix Aerospace and Atomberg Technologies and so forth.
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