Vineeta Singh's Success Story: Sugar Cosmetics co-founder's eventful journey from doing Rs 10,000 monthly salary job to creating Rs 4,000 crore empire!

Vineeta Singh, co-founder of Sugar Cosmetics, overcame rejections and financial struggles to build a Rs 4,000 crore empire. Her journey is an inspiring tale of resilience, entrepreneurship, and smart decision-making.    

ZeeBiz WebTeam | Jan 08, 2025, 03:34 PM IST

Vineeta Singh, co-founder of Sugar Cosmetics and a Shark Tank India judge, exemplifies entrepreneurial grit and determination. From rejecting a Rs 1 crore job at 23 to struggling with a Rs 10,000 monthly salary, Vineeta faced multiple challenges before founding Sugar Cosmetics in 2012. With her vision of providing affordable, high-quality makeup, she turned Sugar into a Rs 4,000 crore brand. Her story of resilience, failures, and eventual success continues to inspire aspiring entrepreneurs across the nation.

 

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Shark Tank India and Entrepreneurial Fame

Shark Tank India and Entrepreneurial Fame

  • Vineeta Singh, co-founder of Sugar Cosmetics, is a key judge on Shark Tank India Season 4, launching on January 6, 2025.
  • Her inspiring journey and business acumen have made her a notable figure in the entrepreneurial world.

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Early Life and Education

Early Life and Education

  • Born in Anand, Gujarat, and raised in Bhavnagar with her grandmother before moving to Delhi when her father joined AIIMS.
  • Graduated from IIT Madras and IIM Ahmedabad, where she met her husband and future business partner, Kaushik Mukherjee.

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First Business at Age 10

First Business at Age 10

  • Started a magazine with a friend, selling it door-to-door for Rs 3.
  • Learned the importance of money and developed an early interest in entrepreneurship.

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Rejecting a Rs 1 Crore Job

Rejecting a Rs 1 Crore Job

  • At 23, Vineeta turned down a lucrative job offer to follow her passion for building a business.
  • Despite bright academic achievements, she chose the challenging path of entrepreneurship over stability.

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Facing Initial Failures

Facing Initial Failures

  • Her first venture, a lingerie brand, failed due to lack of funding and experience.
  • Rejected by multiple investors, she decided to bootstrap her next business.

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Struggles with a Service Company

Struggles with a Service Company

  • Ran a background verification business for five years, earning just Rs 10,000 monthly.
  • Grew the company’s revenue to Rs 4-5 crore but realized it wasn’t scalable and shut it down.

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Father’s Influence

Father’s Influence

Her father, a self-made man, kept her away from household chores to focus on academics and instilled a drive to aim high.

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First Spark of Entrepreneurship

First Spark of Entrepreneurship

At 17, she heard the term “entrepreneur” from a professor, linking it to her dream of becoming wealthy.

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From 1RK to Empire

From 1RK to Empire

Vineeta’s journey from a 1RK apartment with Rs 5,000 rent to owning premium property in Mumbai showcases her resilience and visionary approach.

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