SUGAR Cosmetics To Raise $4.5 Mn From Anicut, Malabar At Flat Valuation

SUGAR Cosmetics is raising INR 38 Cr from Anicut Equity Continuum Fund, Elevation Capital, Malabar Investment, and L Catterton.

As per the startup’s regulatory filing and Inc42 calculations, the startup raised the fresh round at INR 2,700 Cr ($320 Mn).

The startup will likely utilise the funds to scale Quench Botanics, a Korean Skincare brand it launched last year with Kareena Kapoor.

Credit:inc42.com