SUGAR cosmetics! It’s one of the most famous brands of beauty products gaining an average revenue each year. Have you ever wondered: how much the owner will be earning with this brand name?
I am talking about Vineeta Singh who is the founder and CEO of SUGAR Cosmetics. She’s also known for her appearance in an Indian television show, Shark Tank India as a judge and investor. Here, I will cover everything related to her wealth and lifestyle. So let’s break down Vineeta Singh’s net worth first.
- Vineeta Singh Net Worth: $36.5 million
- Vineeta Singh’s Net Worth In Rupees: Rs. 300 crores
- Vineeta Singh’s Yearly Salary: $5 million or Rs. 46 crores
- Vineeta Singh’s Monthly Salary: $0.6 million or Rs. 5 crores
Table of Contents
Vineeta Singh Education
Vineeta Singh was born in 1983 in Anand, Gujarat. Her father Tej P. Singh is a well-known biophysicist in AIIMS.
She completed her schooling at Delhi Public School, RK Puram, Delhi, from 1987 to 2001. Further, she took the admission in Indian Institute of Technology (IIT), Madras, where she pursued a B.Tech in Electrical Engineering from 2001 to 2005.
Also Read: Net worth of Techno Gamerz | Net worth of Technical Guruji | Net worth of Sandeep Maheshwari
Struggles And Professional Career
Vineeta has a strong entrepreneurial spirit when she was too young. During her childhood, she used to create a magazine with her friend. They sold it door-to-door for Rs. 3.
After completing her MBA, Vineeta was offered a high-paying job at Deutsche Bank with an impressive salary of Rs. 1 crore per year. However, she listened to her inner calling and decided to follow her passion for entrepreneurship. She eventually left the job and this bold decision was the beginning of her journey as a businesswoman.
In 2007, she founded her first venture, Quetzal, which used to provide background verification services to recruiters. Unfortunately, Quetzal didn’t work as expected.
She started another venture, Fab Bag, in 2012. The concept revolved around offering subscription-based monthly deliveries of beauty products. However, this was also a drop and couldn’t reach its full potential.
She got her door to success in 2015 when she established SUGAR Cosmetics. Identifying a scope of new entrant in the Indian cosmetics market, she created a brand that catered to the cosmetic requirements of modern women, including models, actresses, and individuals from affluent backgrounds. SUGAR Cosmetics quickly gained traction and became a well-known name in the industry.
SUGAR Cosmetics: A Rising Star
The brand initially operated as an e-commerce store but soon it went offline as well. In 2019, SUGAR Cosmetics launched its first brick-and-mortar store in Uttar Pradesh. Today, SUGAR Cosmetics boasts over 200 stores in 110 cities, making it a household name.
With a diverse range of high-quality products, SUGAR Cosmetics has captured the hearts of women across the country.
Shark Tank India: An Investor and Role Model
Vineeta Singh’s journey to success reached new heights when she became a judge and investor on the television program “Shark Tank India” on Sony Entertainment. Through the show, she invested in several startups, further solidifying her position as an influential figure in the Indian business ecosystem. In the previous season (Shark Tank India 2), she invested over Rs. 10 crores in 15+ startups.
| Week | Net Investments Of Vineeta Singh |
| Week 1 | 2.35 crores |
| Week 2 | 2.95 crores |
| Week 3 | 2.95 crores |
| Week 4 | 3.25 crores |
| Week 5 | 4.61 crores |
| Week 6 | 5.84 crores |
| Week 7 | 6.81 crores |
| Week 8 | 6.81 crores |
| Week 9 | 8.89 crores |
| Week 10 | 9.69 crores |
| Week 11 | 10.06 crores |
Here is the list of those startups in which she invested her money.
- Rs. 20 lakhs in Skippi Ice Pops
- Rs. 20 lakhs in Sunfox Technologies
- Rs. 17.5 lakhs in The Quirky Naari
- Rs. 25 lakhs in CosIQ
- Rs. 12.5 lakhs in Heart Up My Sleeves
- Rs. 33.3 lakhs in Humpy Farms
- Rs. 25 lakhs in Wakao Foods
- Rs. 20 lakhs in Booz
- Rs. 40 lakhs in Kabaddi Adda
- Rs. 10 lakhs in Nomad Food Project
- Rs. 20 lakhs in NOCD
- Rs. 25 lakhs in BluePine Foods
- Rs. 33.3 lakhs in Get-A-Whey
Assets
Vineeta lives a luxurious lifestyle with a blend of simplicity. Her lavish apartment is situated in Mumbai’s Powai area. If you don’t know, the average cost of property in Powai is around Rs. 60,000 per square ft.
Also, her garage has a Mercedes-Benz GLS (worth Rs. 1.29 Crore), a Mercedes-Benz E Class (worth Rs. 88 Lakh), Skoda Octavia (worth Rs. 30.45 Lakh), and a Volvo XC90 (worth Rs. 98.50 Lakh).
Awards and Recognition
Vineeta has received numerous accolades and awards throughout her career. In 2019, she was honored with the Startup of the Year award at the Entrepreneur Awards. Subsequently, in 2021, she got W-Power Award from Forbes India.
Personal Life and Family
Despite her professional success, Vineeta Singh remains grounded and values her personal life. She is married to Kaushik Mukherjee, who is also associated with SUGAR Cosmetics as the co-founder and COO and contributing to SUGAR Cosmetic’s net worth. The couple tied the knot in 2011 and are blessed with two children. [Also check the net worth of Bhuvan Bam.]
Frequently Asked Questions
The net worth of Vineeta Singh is around Rs. 300 crores.
SUGAR Cosmetics targets young girls in the age groups of 18–25 years.
In 2021, SUGAR Cosmetics lost Rs. 210 million but currently, the business is growing at a good speed.
Kaushik Mukherjee is the husband of Vineeta Singh.
Bottom Line: Vineeta Singh Net Worth and Income
Without any common doubt, we can say that Vineeta is a true businesswoman. With her own efforts and hard work, she attained immense wealth and a net worth of over Rs. 300 crores.
Note that this net worth is the estimation of what we can analyze from her assets, income sources, and business profits & deals. If you want to know the net worth of your other famous Indian celebrities, check out this page to read more articles like these. In case we missed your favorite celebrity, please let us know in the comments.
