Shark Tank India: Vineeta Singh’s Net Worth: Investing 5.49% Of Her Total Assets On The Show, From Going Almost Bankrupt To Managing Company Worth 4100 Crore!
Shark Tank India Season 3 has been making all kinds of right noises, raising the bar of reality television in India. The business reality show provides an opportunity for budding entrepreneurs to seek funding for their startups from the panel of Sharks, which includes 12 investors in the current season and we are here to discuss Vineeta Singh’s net worth and her journey on the moneymeter!
The shark, who is the founder of Sugar Cosmetics, has been one of the prominent members of the panel and has been a part of the show since season 1. In three seasons, she has invested in a lot of businesses and cracked some mind-blowing deals.
The 41-year-old businesswoman enjoys a net worth of around 300 crore, and her company is worth millions – Sugar Cosmetics contributes a lot to this huge figure. The IIM-A graduate was offered a job worth 1 crore in 2007, but she was passionate about owning something big and rejected the offer.
Trending
Vineeta Singh’s Sugar Cosmetics
Sugar Cosmetics is currently valued at around 4100 crores, and the company was founded by Vineeta and her husband, Kaushik Mukherjee, in 2015. However, before Sugar Cosmetics, Vineeta tried her hands at two startups – the first one was Quetzal, founded in 2007, which provided background verification checks to recruiters. Her second startup was Fab-Bag, which worked on a subscription model and provided monthly beauty products to its customers.
Vineeta Singh’s Investments On Shark Tank
Vineeta invested around 1 crore in the first season of Shark Tank India and around 9.69 crore in season 2. In season 3, to date, she has cracked nine deals worth 5.80 crore (in 20 episodes). In total, with an investment worth 16.49 crore, she has invested almost 5.49% of her total assets in the companies that pitched for investments on Shark Tank India.
View this post on Instagram
Vineeta Singh’s Biggest Deal This Season
In the total 20 episodes of Season 3 that have been aired, Vineeta Singh has bagged two solo deals that have been her biggest investment for 1 crore each. The first deal was with Aadil Qadri for Perfumes and Attar, where she cracked a deal worth 1 Crore for 1% Equity and 1% royalty until the 1 crore is recouped. The other 1 crore deal for 1% Equity is with ORBO AI, an AI-based Beauty Advisor.
Vineeta Singh’s Stakes In Sugar Cosmetics
Vineeta and her husband Kaushik have equal shares in their company, Sugar Cosmetics, which is around 16.55% each. The couple lives in a lovely house in Powai, where prices are as high as 75,000 per square foot. Vineeta has come a long way since, once upon a time, she was on the verge of bankruptcy. On the other hand, when she moved to Mumbai, she lived in a very small house that used to get flooded in Monsoons.
View this post on Instagram
Here’s wishing that she keeps inspiring young entrepreneurs and mentors them, keeping this new entrepreneurial wave in the nation alive!
View this post on Instagram
For the unversed, Shark Tank India airs on Sony & streams on Sony Liv. The show has an elaborate panel of judges, including Aman Gupta, Peyush Bansal, Namita Thapar, Anupam Mittal, Deepinder Goyal, Amit Jain, Ritesh Agarwal, Azhar Iqubal, Ronnie Scewvala and Varun Dua.
Stay tuned to Koimoi for updates.
Follow Us: Facebook | Instagram | Twitter | Youtube | Google News
The post Shark Tank India: Vineeta Singh’s Net Worth: Investing 5.49% Of Her Total Assets On The Show, From Going Almost Bankrupt To Managing Company Worth 4100 Crore! appeared first on Koimoi.
from Latest TV News & Gossips | Hindi Serial, TV Celeb News & Updates | Koimoi
No comments