Sugar Cosmetics, a Mumbai, India-based omnichannel beauty company, raised $50M in Series D funding.
The round was led by Asia fund of L Catterton, with participation from A91 Partners, Elevation Capital, and India Quotient. In conjunction with the funding, Anjana Sasidharan, L Catterton Asia Managing Director, will be joining the company’s board.
The company intends to use the funds to accelerate growth in the beauty and personal care markets across the Americas, Europe, and Asia, and expand operations.
Led by CEO Vineeta Singh , Sugar Cosmetics is a beauty brand featuring persona, signature low-poly packaging and chart-topping products. Crafted in facilities across Germany, Italy, India, USA and Korea, the brand ships its products in Lips, Eyes, Face, Nails & Skin categories across the world.
The company is scaling its physical presence with 40,000+ retail outlets across 550+ cities.
FinSMEs
31/05/2022