Introduction: Vineeta Singh, the dynamic CEO of SUGAR Cosmetics, an Indian entrepreneur, and a distinguished alum of Shark Tank India, has become a prominent figure in the business world. Recognized as one of India’s Top 10 youngest entrepreneurs by the IDFC First Bank and Hurun Report, Vineeta’s journey is marked by resilience, determination, and groundbreaking achievements. Let’s delve into the captivating biography of this trailblazing business leader, unveiling the story you must know.
Early Ventures: In 2007, Vineeta co-founded her first startup, Quetzal, showcasing her entrepreneurial spirit. Undeterred by the challenges faced, she demonstrated her unwavering determination by launching her second venture, FAB BAG, in 2012. This innovative subscription platform delivered beauty products monthly, laying the foundation for Vineeta’s entrepreneurial journey. In 2015, she co-founded Sugar Cosmetics, specializing in cosmetics and personal care products tailored for the Indian market, alongside her husband.
Entrepreneurial Ownership: Vineeta Singh’s ownership in SUGAR Cosmetics reflects her significant stake, with approximately 22.98% of shares. The company itself constitutes 57.02%, while ESOP accounts for 9.11%, Angel investors hold 4.44%, and other stakeholders have 0.03%.
Vineeta Singh: Basic Details:
- Full Name: Vineeta Singh
- Year of Birth: 1983
- Place of Birth: Anand, Gujarat
- Father’s Name: Tej P. Singh
- Occupation: Entrepreneur
- Education: Delhi Public School, R. K. Puram; IIT Madras, IIM Ahmedabad
Vineeta Singh: Noteworthy Facts:
- Consistently earned gold medals for academic achievements and showcased prowess as an exceptional athlete from her early years.
- Honored with the Dulari Mattu Award for being the best female all-around player while at IIM Ahmedabad in 2007.
- Turned down a ₹1 crore offer from a global investment bank, earning a spot on the cover of a weekly magazine.
- Acknowledged as a young business leader by The Economic Times, receiving the prestigious 2020 Business Leader Under Forty Award.
- Featured on Forbes India Magazine’s 2021 list of the country’s most powerful women.
- Completed over 14 full and half marathons, conquering the Comrades Ultra Marathon in South Africa—an 89-kilometer race—earning a bronze medal.
- Recognized as one of the 100 most thoughtful women globally.
- Served as a judge on Shark Tank India Season 1 in 2021, contributing to the growth of aspiring business owners.
Awards and Recognition:
- BW Disrupt 40 Under 40 Award by Businessworld in 2021.
- Forbes 40 Under 40 list in 2021.
- Forbes India W-Power Award in 2021.
- Start-up of the Year Award at the 2019 Entrepreneur Awards in Delhi.
- Young Global Leadership list of the World Economic Forum in 2022.
Key Takeaway: Vineeta Singh’s journey is a testament to her exceptional capabilities and resilience as a successful business leader and entrepreneur. Her commitment and dedication have earned her recognition on a global scale, making her an inspiration for countless women in India and around the world. Featured among India’s Top 10 Youngest Entrepreneurs, Vineeta Singh continues to break barriers and redefine success in the business landscape.
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