Malabar Investments in talks to seize the Stake of Sugar Cosmetics
An India-focused investment fund, Malabar Investments is in under-discussion with early-stage sponsors of Mumbai based cruelty-free makeup brand Sugar Cosmetics to purchase a stake in the company for 
80-100 crore in secondary deals.
80-100 crore in secondary deals.
According to the person cited to this subject, Once the deal is settled up, it is probably to estimate the company about 2,900 crore and could make out fractional exists from the early investors of Sugar Cosmetics such as RB Investments, India Quotient, as well from few Angel investors & family offices.
2,900 crore and could make out fractional exists from the early investors of Sugar Cosmetics such as RB Investments, India Quotient, as well from few Angel investors & family offices.
The person added, “It is a part of a larger secondary sale exercise… Malabar Investments has held detailed discussions with the company and the Key investors to enter Sugar’s cap table. Malabar Investments coming in could pave the way for other pre-IPO investors to also come in… the broader contours are being finalized. A term sheet has been prepared but the proportion of which investor gets what exit is still being decided”.
Established by Ex McKinsey executive Sumeet Nagar, meant for Malabar Investments, the deal would add up a another new consumer company to its existing portfolio. Earlier, the venture has backed the Customer-focused startups such as Bombay Shaving Company, Boat & Ixigo. Above all, the firm makes its investments in small & medium sized public companies.
Founded by the wife-husband duo Vineeta Singh & Kaushik Mukherjee, initially Sugar Cosmetics started as a D2C online-first beauty brand and then now it expanded its portfolio into many offline channels.
.jpg "Radiance Renewables: Driving Sustainable Inno-vation in India's Renewable Energy Landscape")
.jpg "Caim By Arelang: India's First CandyCeuticals Company Offering Nutraceuticals in Irresistibly Tasty Treats")