Sugar’s Vineeta Singh: 'Shark' who built $500-mILLIOn firm that saw its losses jump 3x
Vineeta Singh is one of the most-talked about investors in the Indian business reality show, Shark Tank India, where she has returned as a 'shark' for season 2
Vineeta Singh, the 'shark'Vineeta Singh hit headlines after she refused a Rs 1 crore per annum offer immediately after completing her MBA from IIM Ahmedabad
Vineeta Singh's initialjourney
Sugar Cosmetics is Vineeta Singh's second venture. Her first venture was called Fab Bag. While working on this start-up she realised there was a gap in the cosmetics market. After Fab Bag failed to make a mark, Vineeta Singh launched Sugar in 2012
Not a stranger to failuresVineeta Singh has often shared her struggles and her journey of not getting funding in the initial years of starting Sugar Cosmetics because she was a woman entrepreneur
Toiling her way up"Investors refused to fund Sugar until my husband joined it," Vineeta Singh said about her initial struggles as a woman entrepreneur
'Investors refused to fundSugar until...'
Today, Vineeta Singh is lauded for building a company like Sugar Cosmetics, which has a valuation close to $500 million
Scaling up Sugar“I am going to miss Ashneer Grover, I think he was good. But whatever happened was between him and the channel," said Vineeta about her fellow judge Grover's absence from season 2
Vineeta Singh on AshneerGrover's absence
In the initial episodes of Shark Tank India, Singh was trolled for rejecting the pitch of a cosmetics brand, Recode because it was a rival brand
Under the scanner ofpitchers
Vineeta Singh’s credentials as a ‘shark’ were also questioned after the financials of the company came into the limelight. In FY22, Sugar’s losses jumped by 3.6x, standing at Rs 76.2 crore
Running a loss-makingcompany
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