Archive · 23 Jul 2025
SUGAR Cosmetics Raises $5M in Latest Funding Round
SUGAR Cosmetics, a beauty and personal care brand, has recently received about $5 million in new funding.
This money comes from different investors, with Anicut Capital providing a significant portion.
The funds will help SUGAR Cosmetics grow its business and expand in the Indian market.
The company's sales have been increasing, and it is trying to compete with other beauty brands.
The beauty market in India is expected to become very large in the coming years.
SUGAR Cosmetics was started in 2015 and sells products in many stores across India and online.
SUGAR Cosmetics secured approximately $5 million in a mix of debt and equity funding.
Anicut Capital led the funding round with an investment of INR 24.99 Cr.
L Catterton and Stride Ventures also participated in the funding round.
The company's revenue increased to INR 505.1 Cr in FY24, up 20% from the previous year.
SUGAR Cosmetics aims to capitalize on the growing Indian BPC market, projected to reach over $28 billion by 2030.
- Who
- SUGAR Cosmetics, led by Vineeta Singh and Kaushik Mukherjee, raised funds from Anicut Capital, L Catterton, and Stride Ventures.
- What
- SUGAR Cosmetics raised approximately $5 million in funding.
- When
- The funding was recently secured.
- Where
- The company operates in India.
- Why
- The funding will help SUGAR to grow its business in the expanding Indian BPC market.
- Funding Amount
- $5 million (approx.)
- Lead Investor
- Anicut Capital
- Other Investors
- L Catterton, Stride Ventures
- Revenue FY24
- INR 505.1 Cr
- Founded
- 2015
- Founders
- Vineeta Singh, Kaushik Mukherjee