look news india
Vineeta Singh, who sold magazines for Rs 3 at the age of 10, is worth Rs 4000 crore today. Worth is the owner of Sugar Cosmetics Company. Vineeta, who studied from IIT and IIM, earned Rs 1 crore. Rejected the package and started my own business. Vineeta Singh’s success story is an inspiration for many women. Vineeta is not only the co-founder of Sugar Cosmetics, but is also an inspiration for millions of people today. Besides, he has also given employment to many people.
Vineeta Singh was born in Anand, Gujarat. Childhood was spent with grandmother. Father was a doctor in Delhi AIIMS. When the family moved to Delhi, he made Delhi his home. Vineeta is the only daughter of her parents. Later, when he started a company in Mumbai, he made this city his base.
Vineeta started her first business when she was 10 years old. Made a small magazine with friends and sold it for Rs 3. This experience taught me the importance of money. Studied from IIT Madras, IIM Ahmedabad. His dream was to do business, hence the expenditure on IIM recruitment was Rs 1 crore. Rejected the package and started business at the age of 23.
He planned to launch an underwear brand for women, but investors refused to support him due to his lack of experience. Due to this he had to face failure. After his first startup failed, he started a service company. In this only Rs 10 thousand. He ran the company on salary for 5 years.
In 2012, Vineeta, husband Kaushik launched Mukherjee Sugar Cosmetics. Focused on making high quality makeup products affordable for youth. It grew rapidly. Vineeta Singh’s father kept her away from kitchen work since childhood. She believed that girls should dream big and always emphasize on education and aspirations.
SUGAR Cosmetics, one of the top cosmetic companies, was launched in 2015 by Vineeta Singh and Kaushik Mukherjee. This couple is proof that if a couple gets along well, they can not only create a happy family but also succeed as a power couple.
Before starting the two ventures with Vineeta, Kaushik has worked for renowned corporations such as Goldman Sachs and McKinsey & Company. After their marriage in 2011, the couple launched Sugar Cosmetics. Their initial investment was made in 2017. A surprising but expected surprise is that the company earned Rs 52 lakh in its inaugural year. By 2020, sales have grown rapidly to Rs 105 crore from Rs 11 crore in 2017. In May 2022, Sugar Cosmetics raised $50 million in Series D funding, valuing the company at $500 million (over Rs 4,000 crore). According to media sources, the net worth of Vineeta Singh, CEO and manufacturer of the famous cosmetics brand Sugar Cosmetics, is said to be Rs 300 crore.