Vineeta Singh is an Indian entrepreneur, CEO and co-founder of Sugar Cosmetics which is one of the leading cosmetic companies in India. She co-founded the company in 2012 along with Kaushik Mukherjee. Although Sugar Cosmetic is a new company, it has emerged as one of the major players in the cosmetic market. Today, we will learn Vineeta Singh success story and take a look into the life of the mind behind sugar cosmetics.
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Early Life & Background
Vineeta Singh success story starts in Anand, Gujrat where she was born in 1983. Her mother holds a PhD and her father Tej Pratap Singh is a biophysicist who works at All India Institute of Medical Science. She completed her school education in 2001 from Delhi Public School, R. K. Puram. Later that year she cleared the IIT exam and enrolled herself in IIT Madras under the electrical engineering program.
In 2005, she got her bachelor’s degree in electrical engineering and went on to do an MBA from IIM, Ahmedabad. She got her MBA degree in 2007. After completing her internship at Deutsche bank she was offered a job by them but she rejected the offer and started a lingerie company based on her research with some of her fellow graduates. Due to a lack of funding the venture wasn’t successful and died down at an early age but this was just the start of Vineeta Singh success story.
In IIM Ahmedabad, she met Kaushik Mukherjee and in 2011 they got married and now have 2 sons with him. Kaushik is a triathlete and frequently runs marathons and is a vital part of Vineeta Singh success story. He has participated in over 20 marathons or ultramarathons and 12 half-marathons. Vineeta herself took part in an 89 km long comrades marathon. She also ran the IronMan marathon in Austria in 2017 and the Mumbai marathon in 2018. In total, she ran 21 km in 2 and a half hours while being 6 months pregnant.
Sugar Cosmetics Journey
As we mentioned above sugar cosmetics was not Vineeta’s first start-up, she started a lingerie company previously. Vineeta Singh success story started in 2007 when she started her first solo start-up by the name of Quetzal but it never flourished and Vineeta had to close it. Then in 2012, she started Fab Bag which was a beauty product delivery platform based on subscription, but this startup too couldn’t make it.
Then, she started her third startup with her husband. That startup was called Sugar Cosmetics. The company sold cosmetic products and personal care products. This is where Vineeta Singh success story really started. Sugar Cosmetics was a successful venture and it received $50 million from equity firm L Catterton. In September 2022, Bollywood actor Ranveer Singh invested an undisclosed amount in the company and became a brand evangelist. As of 2023, Sugar Cosmetics net worth is $500 million. In 2021, Forbes India listed Vineeta in its women achievers list.
Vineeta Singh’s Investments And Journey In Shark Tank
Vineeta Singh success story took a turn when she appeared as one of the sharks in the reality TV show Shark Tank, where she invested in many companies in exchange for equity. Her biggest investment from the whole show was in Insurance Samadhan in which she invested ₹1 crore for 4% equity in the company. Vineeta’s 2nd biggest investment was in NOCD (No Carbs Energy Drinks) for ₹50 Lakh for 7.5% equity. On top of that, she also appeared in the show as a contestant where she pitched her company in front of other sharks and they invested ₹5 crore in Sugar Cosmetics.
Vineeta Singh’s Net Worth And Achievements
Vineeta Singh’s net worth is estimated to be 36 million dollars (300 crore rupees), a remarkable achievement that places her among India’s esteemed businesswomen. Vineeta Singh success story is an inspiration to many women entrepreneurs. Vineeta is widely recognized and admired for her entrepreneurial talents. She serves as an investor and judge on Shark Tank India’s popular show, showcasing her expertise.
She’s also been featured as an expert on the renowned Indian quiz show Kaun Banega Crorepati (KBC). Vineeta’s achievements have earned her a spot on several prestigious lists, including Top 100 Mindful Women in the World, Economic Times’ 40 Under Forty Award in 2020, and Forbes India Magazine’s list of the most powerful women in India in 2021.
Vineeta Singh success story is an inspiration for many entrepreneurs in India. From nothing to owning a multi-million dollar company, Vineeta made a name for herself as one of the most successful entrepreneurs in India. We Should all learn from Vineeta Singh success story and strive to achieve our goals.
How does Vineeta Singh make money?
She makes most of her money from the company she co-founded with her husband called Sugar cosmetics. The company is valued at $500 million as of 2023.
Is Vineeta Singh an IITian?
Yes, she went to IIT Madras and has an electrical engineering degree from the institution.
What Is Sugar Cosmetics Net Worth in Rupees?
Having an annual revenue of 500 crore, Sugar Cosmetics has emerged as a successful brand with a net worth of over ₹4000 Crores.
Who is Vineeta Singh’s husband?
Kaushik Mukherjee is the husband of Vineeta Singh. They tied the knot in 2011. Both of them met each other during their MBA days at IIM Ahmedabad in the year 2007.
How Much is Vineeta’s Net Worth?
Vineeta Singh has a net worth of $36 million or ₹300 Crores.