Sugar Cosmetics secures $15.3M at steep valuation drop
D2C beauty brand Sugar Cosmetics raised ₹144.47 crore ($15.3 million) from A91 Partners via Series D7 compulsorily convertible preference shares. The funding round valued the company at a near 80% reduction compared to previous rounds, per MCA filings reviewed by Inc42.
Sources: msn.com
“The sharp valuation cut reflects broader struggles in India’s D2C beauty sector, where growth-stage startups are recalibrating amid investor caution and shifting consumer spending.”
Read the original reporting
The outlets below did the original reporting.
Related briefs
- IIM Sambalpur funds 9 startups as India seed winter bites
- Simple Energy’s $180M round drives India’s weekly funding surge
- Shionogi backs Celaid’s Series B, hinting at deeper biotech ties
- Investors cash out ₹25,000 crore from listed Indian startups
- Snapdeal’s muted IPO raises questions about India’s ecommerce moats
This brief was drafted automatically from the sources above and published under our editorial policy. Spotted an error? Tell us.