SUGAR COSMETICS
Beauty tech startup Kult raises $20 million from M3M Family Office, other investors
Beauty-tech platform Kult has raised Rs 170 crore in Series A funding led by the M3M Family Office. Founded by Karishma Singh and Ruchika Pallavi, Kult uses AI for personalised skincare. It aims for a Rs 5,000 crore valuation within a year and will focus solely on ecommerce, not offline retail.
BluSmart’s salary delays; Banks face KYC reset
Happy Wednesday! After ceasing operations, BluSmart now faces a fresh challenge: delayed March salaries for its employees. This and more in today’s ETtech Morning Dispatch.
A91 Partners closes $665 million third fund, its largest yet
Founded by former Sequoia Capital India (now Peak XV Partners) partners Abhay Pandey, VT Bharadwaj and Gautam Mago, A91 Partners focuses on investing in companies across technology, consumer and financial services. The massive fund close by A91 Partners comes in the backdrop of several venture firms adding to their dry powder.
Pixel moves to India; A91's largest fund
In the wake of US tariffs, Google is shifting Pixel manufacturing from Vietnam to India. This and more in today’s ETtech Top 5.
Bengaluru resident goes vocal for local, lists sugarcane shop on Google Maps
A Bengaluru resident's thoughtful gesture of listing a local sugarcane juice vendor, Latha, on Google Maps has garnered widespread attention. Impressed by Latha's cleanliness and dedication, the woman aimed to boost her business's visibility. Latha's stall in Banashankari, known for its spotless environment and additional batter-grinding service, is now gaining recognition, prompting praise and support from online users.
Nutrition startup Good Monk raises $2 million from RPSG Capital Ventures, others
Bengaluru-based nutrition startup Good Monk has raised $2 million in a pre-Series A round led by RPSG Capital Ventures, with existing investors Multiply Ventures, Sharrp Ventures, and ThinKuvate participating. The funds will support R&D and product innovation for its clinically validated nutrition mixes, which have driven 11 fold growth in the past year
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Time for an Indian beauty brand to go from East to West: Birla Cosmetics' Ananya Birla
Ananya Birla's Birla Cosmetics aims to capture 5% of India's cosmetics market, leveraging growing nationalism and preference for local brands. Competing with global giants and celebrity-backed labels, the company focuses on quality and affordability. Birla emphasizes the potential for an Indian brand to lead, driven by consumer awareness and evolving demand in India's expanding beauty market.
Like it or not, you need to be tactical to tackle tariff-led volatility; 6 FMCG stocks with an upside potential up to 32%
We have a US president creating a New World Order. So, by no stretch of imagination are we in conventional times. And unconventional times require unconventional solutions. While we believe in the power of long-term investing, the fact is that there are times when you need to be tactical. Or just stay out of equities. Consider this: If the Chinese dump of steel and other metals, it would make sense to stay away from metal stocks. But if you are moving out of metals, where do you put your money? Maybe sectors where dumping cannot happen, where a certain amount of growth is inevitable, and where there is no fear of tariffs. So, prepare for a tactical play.
Beyond buying, selling, and panic; sometimes, just ‘hold’ stocks: 17 large-caps with an upside potential of up to 49%
While markets are largely about buying and selling, wealth creation is about holding stocks. Today, when you see the Nifty and Sensex trading with a cut of more than 5%, the chances are you may end up selling a winner and a good business in panic. There is no point in trying to guess when this correction will end. It might end today, or it may continue for some more time. You have no control over global events, but you can control your own actions. And sometimes no action is the best action. Don’t look at the value of your portfolio every evening. It may lead you to either buy or sell at a time when both should be avoided. And for a good reason.
Venture debt remained flat in 2024 at $1.2 billion: Report
Venture debt refers to a variety of debt financing products applicable specifically to private equity and venture capital-backed companies. These are early-stage, growth-stage and late-stage startups that may lack positive cash flow and tangible collateral but have secured investments from venture capitalists.
IFC invests in Alteria Capital’s SDS as anchor
Alteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard and Ather Energy, primarily offers venture debt for long-term capital needs. However, SDS is designed to provide short-term liquidity, particularly for licensed fintech firms, consumer brands and electric vehicle (EV) manufacturers.
As Nifty & Sensex recover, these large-caps have ‘strong buy’, ‘buy’ recos, with an upside potential of more than 30%
It might be a bit early to say with certainty, but the way things panned out in the last two weeks, the worst may be over for the bulls. When we say bulls, we include retail investors. That’s because all retail investors are by nature bullish. And rightly so, as it pays to be bullish about the India story. Now, the long phase of correction has brought us to a place where a large number of blue chips are at levels where the chances are that being bullish on them will deliver returns. But while being bullish, be selective and cautious as well.
Korean craze goes mainstream: QSR chains spice up menus with Korean-inspired snacks
Major American quick service chains like McDonald's, KFC, and Domino's are incorporating Korean cuisine into their menus, aiming to revitalize sales. Companies highlight the growing popularity of Korean foods and culture as a strategic move to attract more customers, introducing new Korean-inspired dishes and beverages.
9 stocks from the chemicals sector which can give more than 18% return in 1 year, according to analysts
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Women’s Day 2025 - Top selling eyeliners, kajals and mascaras on discount in Amazon Sale
This Women’s Day, get ready to enhance your eye makeup game with the top-selling eyeliners, kajals, and mascaras at discounted prices in Amazon's sale! Get bold, dramatic looks or subtle definition with these products which are perfect for creating everything from winged eyeliner to voluminous lashes. With leading beauty brands offering great deals, this is the perfect opportunity to stock up on your favorite eye makeup essentials. Don’t miss out—shop now and get your eyes ready for a fabulous Women’s Day celebration!
Shariah Index: It throws light on the Indian economy and offers many investing lessons, more than the name suggests
Did you know that there are three Shariah law-compliant indices in India? Not surprisingly, these indices do not have companies which have interest as an element of income. Also, they do not have companies from certain sectors. Liquor, for instance. What is not commonly known is that, even if a company's core business is Shariah-compliant, its financial structure must also comply with Shariah rules. And what is surprising is that one of the ratios which Shariah law asks you to look at is the debt-to-asset ratio. But is religion-based investing better than secular investing? Let’s find out.
How a fruit seller's Arabic greeting boosted sales: Shark Tank India’s Vineeta Singh shares unexpected business lesson
Vineeta Singh, co-founder of SUGAR Cosmetics, initially feared that street stalls outside her Colaba Causeway store would block visibility and impact sales. However, she later discovered that a local fruit vendor, Suraj, and his father were instrumental in driving customers to her store. Suraj, who had picked up Arabic, would ask Arab women visiting Mumbai if they wanted "Kahaal Al Hindi" (Indian kajals), leading them to explore SUGAR’s products.
Enzyme Office Spaces provides 14K sq ft area with 300 desks to SUGAR Cosmetics
Enzyme Office Spaces has leased 14,000 sq ft of workspace in Andheri East, Mumbai, to SUGAR Cosmetics. The space, accommodating around 300 seats, marks part of Enzyme's expansion, reflecting growing demand for flexible offices. SUGAR’s Chief People Officer cited the location’s accessibility for their strategic expansion.
Delhivery partners with SUGAR Cosmetics for pan-India B2B logistic operations
Delhivery has partnered with SUGAR Cosmetics to manage its B2B logistics operations in India. The company will use Delhivery's extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services to ensure faster delivery of B2B consignments. SUGAR Cosmetics, India's third-largest colour cosmetics brand, will benefit from Delhivery's express PTL service for quick stock replenishment.
Exclusive: Malabar Investments eyes Sugar Cosmetics stake via Rs 80-100 crore secondary round
The secondary deal likely to value Sugar Cosmetics at Rs 2,900 crore. Early backers like RB Investments, India Quotient, and angels are likely to part-sell shares in the ongoing funding round, according to people in the know of the matter.
Sugar Cosmetics FY23 revenue jumps 89% to Rs 420 crore, net loss stays flat
Mumbai-based Sugar Cosmetics' total expenses rose 68% on year to Rs 505 crore in FY23, primarily due to higher spending for purchases of stock-in-trade. During the year under review, it expanded its offline presence significantly.
Kareena Kapoor Khan, Sugar Cosmetics parent form JV to sell Korean products
The joint venture company called Quench Botanics is expected to be a Rs 100-crore business in net revenue over the next 12 months, said Vineeta Singh, who is also the CEO of Sugar Cosmetics.
2022 flashback: SUGAR Cosmetics co-founder recalls 'rude awakening', shares narrow escape after deadly road accident
Kaushik Mukherjee advised his social media followers to 'wear a helmet'.
TATA’s ZOYA finds its muse in SUGAR co-founder Vineeta Singh
SUGAR Cosmetics, one of the largest and fastest-growing giants in the beauty industry in India.
Bollywood actor Ranveer Singh invests in beauty startup Sugar Cosmetics
Sugar expects the partnership with Ranveer Singh will cement its position as a fan favourite and create new pathways for customer acquisition, particularly with the Gen Z and millennial audiences in India.
Actor Ranveer Singh invests in Sugar Cosmetics
Sugar Cosmetics co-founder Vineeta Singh said in the statement: “Ranveer’s personality of being bold, quirky, and vibrant makes the partnership a natural fit.” Sugar Cosmetics, which started off as a D2C brand in 2015, ventured into offline retail in 2017, and has annual sales of over Rs 550 crores, the company said.
Vineeta Singh’s Sugar Cosmetics raises $50 million as it plans to add 30,000 stores
Vineeta Singh-led makeup brand Sugar Cosmetics on Tuesday announced that it has raised $50 million (?388 crore) in a round led by L Catterton, a consumer-focused private equity firm. The investment was a part of Sugar’s Series D round, which witnessed participation from existing investors such as A91 Partners, Elevation Capital and India Quotient.
Sugar Cosmetics parent acquires ENN Beauty
“With ENN, we will enter the skincare category and we expect it to grow exponentially over the next 12-24 months,” says Vineeta Singh, cofounder of Sugar Cosmetics.
Sugar Cosmetics closes Series C funding round, valuation doubles
The colour cosmetics brand has raised $21 million in its Series C funding round, doubling its valuation to more than $100 million.
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