Ranveer Singh, Katrina Kaif, and Alia Bhatt are the leading superstars of Bollywood. Certainly, there is a tough and healthy competition between all these stars with each one reaching their own horizons with remarkable performances. However, when it comes to business and investments, Ranveer Singh seems to be giving tough competition to Alia and Kats.
Although he is not the direct business owner of this company, his financial support has helped this cosmetic company of a Shark Tank fame judge to stay relevant amid big challenges from leading cosmetic brands like Nykaa and Purplle. IIM graduate and Shark Tank India judge for Season 1 and 2, Vineeta Singh is known for making her dream project Sugar Cosmetics a global business in partnership with her husband Kaushik Mukherjee.
While Vineeta is the CEO of Sugar Cosmetics, Kaushik is the COO. Both of them met at IIM, Ahmedabad, fell in love, married, and now run a successful business. Vineeta started the business on a small scale and later on was joined by her husband.
Sugar Cosmetics recorded a net profit of Rs 52 lakh in its first year. When they decided to expand their business, Vineeta and Kaushik approached Ranveer Singh who helped them take the company’s valuation to a greater height.
The Simmba actor invested around USD 50 million which is a little over Rs 414 crore. As a result, the valuation of Sugar Cosmetics upscaled to Rs 4100 crore which is USD 500 million.
Apart from the investment from Ranveer, it is his global brand image that also helped Sugar Cosmetics clinch some bigger deals and give a tough fight to other leading cosmetic brands in the country like Nykaa and Purplle.
Both Katrina Kaif and Alia Bhatt have made some significant investments in Nykaa and that has helped it grow as one of the most famous Indian cosmetic brands in the last few years.