After a 58-month-long wait for funding, the d2c start-up received $21 million in Feb 2021.
22 Apr, 2021 - 08:59 AM IST | By indiantelevision.com Team
MUMBAI: How many people know that the now cult-favourite beauty brand of Gen Z and millennials, SUGAR was once on the verge of shutting shop due to lack of funding?
The direct-to-consumer SUGAR Cosmetics founded in 2015 by IIM Ahmedabad alumni Vineeta Singh and Kaushik Mukherjee is one of the fastest-growing premium beauty brands in India today. However, things were far from rosy for the Mumbai-based start-up back in 2016 when it did not even have enough money to import its first batch of lipsticks manufactured in Germany.
SUGAR Cosmetics delivers 49X returns to long-term investors adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Marketing Automation Platform WebEngage Featured in the Financial Times Asia-Pacific High-Growth Companies 2021 List
15 hours ago 5 hours ago
Business Wire Mumbai, India (Antara/Business Wire)- WebEngage, a full-stack Marketing Automation company, has been recognized by Financial Times as one of Asia-Pacific’s top 500 high-growth companies, debuting in the list at rank 206 to emerge as a rapidly-growing company.
The report compiled in partnership with Nikkei Asia and research provider Statista ranks Asia-Pacific companies by their compound annual growth rate (CAGR) in revenue between 2016 and 2019.
The recognition cements the Mumbai-headquartered company’s reputation as a leading global martech platform for digital consumer businesses. WebEngage’s inclusion as a high-growth company comes from its Absolute Growth Rate of 233.7% and a CAGR of 49.4% between 2016-19.
[Jobs Roundup] Here s how you can work for India s newest social media unicorn ShareChat
ShareChat is looking to grow its user base and build a world-class organisation. It is also looking to strengthen its creator community, AI-powered recommendation engine, and platform health.
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ShareChat and its parent company,
Mohalla Tech, which also houses short video app
$502 million in its latest round of funding and joined the list of India s recent unicorns.
The round was led by
Lightspeed Ventures and
Tiger Global, along with participation from
Snap Inc, Twitter, and India Quotient, among others. With this round, the Indic language social media startup is valued at
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Bhanu Pratap Singh, Farid Ahsan, and Ankur Saxena had one goal: to build a strong product and tech company out of India.
The IIT Kanpur grads had participated in hackathons, built different kinds of products and tech offerings during their college years, and were sure that they wanted to build a strong and stable business.
Founders of ShareChat
When they graduated in 2014, the trio were considering building a debating platform. However, they soon realised that debates didn’t have mass appeal.
“We had met Madhukar of India Quotient in 2014 and he had suggested looking at ideas that would possibly touch new internet users. The internet was then restricted to metro cities. Most were still using WhatsApp,” Bhanu says.