Actor Ranveer Singh invests in Sugar Cosmetics

Bollywood actor Ranveer Singh has invested in omnichannel beauty startup Sugar Cosmetics. The startup recently raised USD 50 million from the Asia fund of L Catterton. Sugar Cosmetics, started as a direct-to-consumer (D2C) brand in 2015 and ventured into offline trade in 2017. The brand claims to clock annual sales of about INR 550 crore with a physical presence at 45,000+ retail touchpoints across 550+ cities.