Vineeta Singh Net Worth 300 Crore and Sugar Cosmetics Valuation

Vineeta Singh is the co-founder and CEO of both SUGAR and Fab Bag. FabBags is a grooming subscription service that launched in 2012. Along with Sugar Cosmetics, other companies competing in the cosmetics sector include Nykaa Cosmetics, Kay by Katrina, and Starlust. She finished her studies at Delhi Public School, R. K. Puram in 2001. She then enrolled in the Indian Institute of Technology the same year. Veenita completed her electrical engineering studies at IIT-M and received her bachelor's degree in 2005. In 2007, she graduated from the Indian Institute of Management with an MBA degree.

Vineeta Singh Net Worth

Vineeta Singh has an estimated Net Worth of 300 Crores as of 2024. According to recent sources, SUGAR Cosmetics has grown significantly and is valued at over $100 million. 

SUGAR Cosmetics Valuation

SUGAR Cosmetics' current fundraising round in 2022 put the company at about $500 million. This valuation was reached following the company's Series D funding round, which received $50 million headed by L Catterton, a worldwide consumer-focused private equity group. The considerable increase in valuation underscores SUGAR Cosmetics' quick growth, strong market presence, and successful expansion strategy led by Vineeta Singh.

Vineeta Singh Fund Raising Rounds 

Initial Funding: SUGAR Cosmetics started with initial investments from Vineeta Singh and her co-founder, Kaushik Mukherjee.

Series A Funding: In 2017, SUGAR Cosmetics raised its Series A funding round of $2 million, led by India's largest consumer-focused venture capital firm, A91 Partners.

Series B Funding: In 2019, the company secured $8 million in a Series B funding round. This round was again led by A91 Partners, with participation from existing investors.

Series C Funding: In 2021, SUGAR Cosmetics raised $21 million in a Series C funding round led by Elevation Capital (formerly SAIF Partners), with participation from India Quotient, A91 Partners, and a few others.

Series D Funding: In 2022, the company raised $50 million in its Series D funding round. This round was led by L Catterton, a global consumer-focused private equity firm. The round also saw participation from existing investors such as A91 Partners, Elevation Capital, and India Quotient.

Vineeta Singh Career

Veenata built Quetzal, her first firm, in 2007. However, providing background checks to recruiters proved ineffective. In 2012, she launched her second firm, Fab-Bag, a subscription platform that delivers beauty items on a monthly basis. Singh established her third firm, Sugar Cosmetics, with her spouse in 2015. The company sells cosmetics and personal care items designed for the Indian market.

After finalizing a $50 million getting with private equity firm L Catterton, Singh described the company's products as responding to the tastes of women of various skin tones. In September 2022, Bollywood star Ranveer Singh invested an undisclosed amount in Sugar Cosmetics and became a "brand evangelist".

Singh appeared on the cover pages of popular publications like Forbes India, important Today, and Businessworld. She claimed to Business Today that funding was previously only available if her husband joined the company full-time, which she saw as gender discrimination.

In 2021, Forbes India named Singh to its Forbes India W-Power list of women achievers. In 2023, Bollywood actress Kareena Kapoor Khan launched a joint venture with Sugar Cosmetics co-founders Vineeta Singh and Kaushik Mukherjee to create Quench Botanics, a Korean skincare brand in India.