India-based omnichannel beauty start-up Sugar Cosmetics has closed USD 50 million Series D funding led by the Asia fund of L Catterton, part-owned by French luxury house LVMH. The move comes at a time when the Indian cosmetics and toiletries market is at an inflection point and is forecast to record fast growth over the next three years, according to Bobby Verghese, Consumer Analyst at GlobalData.
Sugar Cosmetics, a cult favourite beauty brands amongst Gen Z and Millennial consumers in...

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