Actor Ranveer Singh invests in Indian beauty brand Sugar Cosmetics

Actor Ranveer Singh invests in Indian beauty brand Sugar Cosmetics

THE WHAT? Actor Ranveer Singh has invested in Indian beauty brand Sugar Cosmetics, which follows a US$50 million Series D fundraiser for the start-up, according to the Indian Economic Times. 

THE DETAILS The Series D funding round was led by private equity firm L Catterton. Sugar Cosmetics launched as a D2C brand in 2015 before branching out into offline retail in 2017. 

According to a statement by Sugar Cosmetics, Singh will act as a ‘brand evangelist and build connect across key markets.’ 

THE WHY? The financial injection is said to help the company expand into other potential markets. 

Sugar Cosmetics Co-founder, Vineeta Singh, said, “Ranveer’s personality of being bold, quirky, and vibrant makes the partnership a natural fit.” 

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