Ranveer Singh has made his first startup investment in SUGAR Cosmetics
SUGAR Cosmetics started off as a D2C brand in 2015 and then ventured into offline trade in 2017
I've admired SUGAR’s ability to build a tremendous fan-following over the years and I’m excited to be a part of this journey, said Ranveer
In June, SUGAR Cosmetics raised $50 million in series D funding led by the Asia fund of L Catterton
The round also saw participation from existing investors: A91 Partners, Elevation Capital and India Quotient
The new investment by Ranveer “is expected to further boost SUGAR’s expansion in other potential markets,” it said
Ranveer’s actor-wife Deepika Padukone also has invested in several startups
She invested in startups like Epigamia, Nua, Blu Smart, Bellatrix Aerospace and Atomberg Technologies, etc