๐คฃGet ready for a sweet deal!๐ญ Malabar Investments is eyeing a stake in SUGAR Cosmetics, a Mumbai-based beauty brand.๐ Valuation? A whopping INR 2,900 Cr ($350 Mn)!๐ฐ Early investors might make partial exits, and we could even see an IPO on the horizon.๐
Malabar's interest in consumer-focused startups is no secret, having backed boAt, Bombay Shaving Company, and Ixigo.๐๏ธ SUGAR Cosmetics' profitability since Dec 2021 has attracted attention from domestic and global private equity funds.๐
Founded in 2015, SUGAR Cosmetics has grown into a major player in India's beauty market, with sales nearing INR 500 Cr.๐ ๐ฝ๐ So, what do you think about this sweet investment opportunity? Share your thoughts in the comments!๐ #DeFi #Web3 #Technology