🤣Get ready for a sweet deal!🍭 Malabar Investments is eyeing a stake in SUGAR Cosmetics, a Mumbai-based beauty brand.💄 Valuation? A whopping INR 2,900 Cr ($350 Mn)!💰 Early investors might make partial exits, and we could even see an IPO on the horizon.🚀

Malabar's interest in consumer-focused startups is no secret, having backed boAt, Bombay Shaving Company, and Ixigo.🛍️ SUGAR Cosmetics' profitability since Dec 2021 has attracted attention from domestic and global private equity funds.🌏

Founded in 2015, SUGAR Cosmetics has grown into a major player in India's beauty market, with sales nearing INR 500 Cr.💅🏽💋 So, what do you think about this sweet investment opportunity? Share your thoughts in the comments!👇 #DeFi #Web3 #Technology