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D2C cosmetics brand Sugar kickstarts Series C funding round, Receives first tranche of $2 Mn

Shortpedia

Content Team
Image Credit: shortpedia

Mumbai-based D2C brand Sugar Cosmetics has raised $2 Mn in a debt led by Delhi-based venture debt firm Stride Ventures in the first tranche of the Series C funding round. The company plans to use the funds to keep pace with working capital and inventory requirements and fuel growth through the peak sales season. Sugar crossed INR 100 Cr in net revenue for FY2020.