SUGAR Cosmetics raises $50 mn, reportedly at $500 mn valuation

Direct-to-consumer beauty and personal care brand SUGAR Cosmetics has raised $50 million in Series D funding led by L Catterton. Others who participated in the funding include existing investors A91 Partners, Elevation Capital and India Quotient. This round has valued the company at $500 million, media reports said citing sources. SUGAR had raised $21 million in February 2021.