Vineeta Singh Explained

Birth Place:Anand, Gujarat, India
Education:Delhi Public School, R. K. Puram
Occupation:Entrepreneur
Years Active:2007–present
Organization:Sugar Cosmetics
Television:Shark Tank India (2021–present)
Children:2
Father:Tej P. Singh

Vineeta Singh (born 1983) is an Indian entrepreneur and CEO, co-founder of Sugar Cosmetics. She has been a Shark (i.e. judge/investor) on the business reality TV show Shark Tank India since the show started airing on SonyLIV in 2021.

Early life and education

Singh was born in 1983 in Anand, Gujarat.[1] Her mother holds a PhD and her father Tej P. Singh is a biophysicist at the All India Institutes of Medical Sciences.[2]

Singh completed her education at Delhi Public School, R. K. Puram in 2001.[3] She then enrolled in IIT Madras that year. Singh completed her electrical engineering studies at IIT-M and earned her bachelor's degree in 2005.[4] Afterward, she obtained an MBA from Indian Institute of Management Ahmedabad in 2007.[5]

During her MBA studies, in 2006, she worked as a summer intern at Deutsche Bank and rejected a job despite an annual ₹1 crore salary.[6] [7] Singh and the other graduate who rejected the same offer wanted to start their own lingerie business,[8] but the idea did not take off as they could not raise the required funding.

Career

In 2007, Singh founded her first startup Quetzal.[9] However, providing background verification checks to recruiters failed to succeed. She started her second startup Fab-Bag in 2012, a subscription platform that provided monthly deliveries of beauty products.[10] Her third startup, Sugar Cosmetics, Singh founded together with her husband in 2015.[11] The company sells cosmetics and personal care products geared towards the Indian market.[12] [13] After closing a $50 million deal with private equity firm L Catterton, Singh characterized the company's products as catering to the preferences of women with diverse skin tones.[14] In September 2022, actor Ranveer Singh invested an undisclosed amount and became a "brand evangelist" of Sugar Cosmetics.[15] [16]

Singh appeared on the hard copy cover pages of business magazines, such as Forbes India, Business Today, and Businessworld. To Business Today, she revealed that funding was once only granted under the condition that her husband joined the company full-time, which she viewed as gender discrimination.[17] [18] In 2021, Forbes India listed Singh as one of its Forbes India W-Power list of women achievers.[19] In 2023, Bollywood actress Kareena Kapoor Khan formed a joint venture with Singh and her husband, to launch a Korean skincare brand Quench Botanics in India.[20]

Awards and recognition

Singh has received the following awards and recognitions, either personally or in recognition of Sugar Cosmetics' entrepreneurial achievements:

Entertainment

Singh is one of the major investors/judges on the business reality show Shark Tank India.[29] [30]

In 2022, Singh along with the other Shark Tank India judges appeared as a VIP contestant in Kaun Banega Crorepati, the Hindi version of Who Wants to Be a Millionaire?.[31] She also appeared as a guest on The Kapil Sharma Show together with other Shark Tank India judges in the same year.[32] [33]

Personal life

In 2011, Vineeta Singh married Kaushik Mukherjee and the couple have two sons.[34] She met Kaushik during their studies at IIM Ahmedabad.[35] [36]

Singh is a triathlete and ultramarathon runner and has participated in 20 marathons, ultramarathons, and 12 half-marathons.[37] She also took part in the 89-km Comrades Marathon from 2012 to 2014.[38] She completed the 2017 Ironman Triathlon in Austria.[39] In the 2018 Mumbai Marathon, she ran a total of 21 km in 2:42:51s while being 6 months pregnant.[40]

Notes and References

  1. Web site: Kapoor . Eetika . 25 January 2023 . Early Life . 1 February 2023 . . en . 1 July 2024 . https://web.archive.org/web/20240701051554/https://www.businessinsider.in/thelife/news/rejecting-a-1-crore-job-offer-to-founding-sugar-cosmetics-journey-of-shark-vineeta-singh/slidelist/97303364.cms . live .
  2. Web site: Meghani . Varsha . 23 November 2021 . Vineeta Singh: Sugar Cosmetics, and the passion for the impossible . 1 February 2023 . . en . 30 January 2023 . https://web.archive.org/web/20230130181823/https://www.forbesindia.com/article/wpower-2021/vineeta-singh-sugar-cosmetics-and-the-passion-for-the-impossible/71707/1 . live .
  3. Web site: 19 December 2021 . Vineeta Singh Sugar Cosmetics CEO The Next Judge of Shark Tank India . dead . https://web.archive.org/web/20230205164619/https://sharktank.co.in/blog-post/vineeta-singh-shark-tank-india/ . 5 February 2023 . 5 February 2023 . SharkTank.co.in . en.
  4. Web site: Oberoi . Pragatti . 18 August 2022 . How to become a CEO? Vineeta Singh guides on the role of mathematics, IITs, IIMs and the skills needed . 14 February 2023 . TimesNow . 7 February 2023 . https://web.archive.org/web/20230207105433/https://www.timesnownews.com/jobs/how-to-become-a-ceo-vineeta-singh-guides-on-the-role-of-mathematics-iits-iims-and-the-skills-needed-excl--article-93616804 . live .
  5. Web site: Bagchi . Shrabonti . 21 May 2021 . Vineeta Singh: On a SUGAR high . 31 January 2023 . . en . 31 January 2023 . https://web.archive.org/web/20230131230155/https://lifestyle.livemint.com/news/big-story/vineeta-singh-on-a-sugar-high-111621425962738.html . live .
  6. Web site: Ghosh . Sutrishna . 22 April 2020 . The IIM Alumnus Who Turned Down a Rs 1 Cr Job to Launch a Rs.100 Cr Cosmetics Empire. . 14 February 2023 . Yahoo . 17 December 2023 . https://web.archive.org/web/20231217071202/https://www.yahoo.com/news/iim-alumnus-turned-down-1-cr-job-launch-billion-dollar-cosmetics-empire-030026510.html . live .
  7. News: 29 December 2006 . Two IIM-A grads shun Rs 1-cr offer . 13 January 2023 . . en . 29 December 2006 . 14 January 2023 . https://web.archive.org/web/20230114154304/https://timesofindia.indiatimes.com/india/two-iim-a-grads-shun-rs-1-cr-offer/articleshow/968988.cms . live .
  8. Web site: No to crore-a-year to make lingerie . 24 January 2023 . . en . 28 December 2006 . 24 January 2023 . https://web.archive.org/web/20230124200940/https://www.telegraphindia.com/india/no-to-crore-a-year-to-make-lingerie/cid/746845 . live .
  9. Web site: Angels dare to fly: Indian women are getting into entrepreneurial roles . 14 February 2023 . The Economic Times . 14 February 2023 . https://web.archive.org/web/20230214104428/https://economictimes.indiatimes.com/biz-entrepreneurship/angels-dare-to-fly-indian-women-are-getting-into-entrepreneurial-roles/vineeta-singh-founder-of-quetzal/slideshow/5657930.cms . live .
  10. Web site: 12 April 2022 . The Sweet and Bitter Story of Sugar Cosmetic Founder: Vineeta Singh . 14 February 2023 . startup insider . 14 February 2023 . https://web.archive.org/web/20230214104432/https://www.startupinsider.in/the-sweet-and-bitter-story-of-sugar-cosmetic-founder-vineeta-singh/ . live .
  11. Web site: Vineeta Singh: Sugar Cosmetics, And The Passion For The Impossible . 14 February 2023 . Forbes India . 30 January 2023 . https://web.archive.org/web/20230130181823/https://www.forbesindia.com/article/wpower-2021/vineeta-singh-sugar-cosmetics-and-the-passion-for-the-impossible/71707/1 . live .
  12. Web site: Punj . Shwweta . Vineeta Singh: Sweet success. . 14 February 2023 . India Today . 26 December 2021 . 14 February 2023 . https://web.archive.org/web/20230214104428/https://www.indiatoday.in/magazine/entrepreneurs/story/20220103-vineeta-singh-sweet-success-1892493-2021-12-26 . live .
  13. News: As CEO, my job is to get out of their way . 14 January 2023 . BBC News . en . 14 January 2023 . https://web.archive.org/web/20230114142708/https://www.bbc.com/news/av/business-62310082 . live .
  14. Web site: Kandavel . Sangeetha . 31 May 2022 . SUGAR Cosmetics closes $50 million in series D fundraise . 24 January 2023 . . en . 24 January 2023 . https://web.archive.org/web/20230124194832/https://www.thehindu.com/news/national/tamil-nadu/sugar-cosmetics-closes-50-million-in-series-d-fundraise/article65479609.ece . live .
  15. Web site: Bhushan . Ratna . 3 September 2022 . Actor Ranveer Singh invests in Sugar Cosmetics . 27 January 2023 . . en . 27 January 2023 . https://web.archive.org/web/20230127211739/https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/actor-ranveer-singh-invests-in-sugar-cosmetics/articleshow/93964248.cms?from=mdr . live .
  16. Web site: Verma Ambwani . Meenakshi . 3 September 2022 . Ranveer Singh invests in SUGAR Cosmetics . 27 January 2023 . . en . 27 January 2023 . https://web.archive.org/web/20230127212234/https://www.thehindubusinessline.com/companies/ranveer-singh-invests-in-sugar-cosmetics/article65844446.ece . live .
  17. Web site: Zaidi . Tarab . 21 December 2022 . Investors refused to fund Sugar until my husband joined it . 15 January 2023 . . en . 7 January 2023 . https://web.archive.org/web/20230107010037/https://www.businesstoday.in/latest/corporate/story/investors-refused-to-fund-sugar-until-my-husband-joined-it-shark-tank-indias-vineeta-singh-357296-2022-12-21 . live .
  18. Web site: Sugar Sugar, Ah! Money, Money . 14 January 2023 . . en.
  19. Web site: W-Power 2021 . 24 January 2023 . Forbes India . en . 19 January 2023 . https://web.archive.org/web/20230119074348/https://www.forbesindia.com/lists/wpower-2021/1993/1 . live .
  20. Web site: Verma Ambwani . Meenakshi . 13 October 2023 . Kareena Kapoor Khan becomes co-owner of Vineeta Singh's Quench Botanics . 22 October 2023 . Business Line . en . 19 October 2023 . https://web.archive.org/web/20231019095739/https://www.thehindubusinessline.com/companies/kareena-kapoor-khan-becomes-co-owner-of-vineeta-singhs-quench-botanics/article67413049.ece . live .
  21. Web site: Bhandari . Kabir Singh . 14 June 2022 . Shark Tank India's Vineeta Singh Has Amazing Stamina And Fitness. This Is Her Secret . 1 July 2024 . Entrepreneur . 25 February 2024 . https://web.archive.org/web/20240225132501/https://www.entrepreneur.com/en-in/lifestyle/shark-tank-indias-vineeta-singh-has-amazing-stamina-and/429442 . live .
  22. Web site: 11 June 2021 . The Economic Times 40 Under Forty (2020) . live . https://web.archive.org/web/20240630164144/https://wimwian.iima.ac.in/2021/06/11/vineeta-singh/ . 30 June 2024 . 30 June 2024 . The WIMWIAN-IIMA Alumni Magazine.
  23. Web site: Joshi . Chaitrali . Ramani . Vyom . 4 May 2023 . How Vineeta Singh's cosmetics startup is revolutionising the beauty industry . 1 July 2024 . ET Edge Insights . 1 July 2024 . https://web.archive.org/web/20240701051559/https://etedge-insights.com/how-vineeta-singhs-cosmetics-startup-is-revolutionising-the-beauty-industry/ . live .
  24. Web site: 12 November 2021 . 17th IMAGES Retail Awards honours excellence in the business of retail . live . https://web.archive.org/web/20240630164143/https://www.indiaretailing.com/2021/11/12/17th-images-retail-awards-honours-excellence-in-the-business-of-retail/ . 30 June 2024 . 30 June 2024 . India Retailing.
  25. Web site: Anis . Fakeha . 24 June 2024 . Shark Tank India's Vineeta Singh reveals TWO major tips to deal with entrepreneurship stress; know HERE . 1 July 2024 . PINKVILLA . 1 July 2024 . https://web.archive.org/web/20240701051556/https://www.pinkvilla.com/tv/news/shark-tank-indias-vineeta-singh-reveals-two-major-tips-to-deal-with-entrepreneurship-stress-know-here-1320227 . live .
  26. Web site: 29 March 2023 . MPW 2022 honours Ghazal Alagh, Roshni Nadar, Vineeta Singh and other star performers in business . 1 July 2024 . Business Today . 29 May 2024 . https://web.archive.org/web/20240529174539/https://www.businesstoday.in/mpw/story/mpw-2022-honours-ghazal-alagh-roshni-nadar-vineeta-singh-and-other-star-performers-in-business-375375-2023-03-29 . live .
  27. Web site: 3 March 2023 . DNA Women Achievers Awards 2023: Vineeta Singh wins in Startup category . 1 July 2024 . DNA India . 1 September 2023 . https://web.archive.org/web/20230901122133/https://www.dnaindia.com/business/report-dna-women-achievers-awards-2023-vineeta-singh-wins-in-startup-category-3027495 . live .
  28. Web site: 17 April 2023 . BT's Most Powerful Women in Business awards: Celebrating success . 1 July 2024 . Business Today . 20 January 2024 . https://web.archive.org/web/20240120052019/https://www.businesstoday.in/magazine/event/story/bts-most-powerful-women-in-business-awards-celebrating-success-377676-2023-04-17 . live .
  29. Web site: Farzeen . Sana . 17 January 2023 . Sugar's Vineeta Singh on how Shark Tank India changed her life: "My kids ask, why people want a photo with you." . 16 February 2023 . The Indian Express . 16 February 2023 . https://web.archive.org/web/20230216090613/https://indianexpress.com/article/entertainment/television/vineeta-singh-shark-tank-india-fame-kids-ask-why-people-want-photo-with-you-8378441/ . live .
  30. News: Panjari . Swagata . Salve . Priyanka . What makes Sharks take the bait? Vineeta Singh, Namita Thapar share the idea USP that attracts . 14 January 2023 . . en . 1 July 2024 . https://web.archive.org/web/20240701030241/https://economictimes.indiatimes.com/prime/consumer/what-makes-sharks-take-the-bait-vineeta-singh-namita-thapar-share-the-idea-usp-that-attracts/primearticleshow/96947380.cms . live .
  31. Web site: 29 December 2022 . KBC: Here's how Vineeta Singh, Aman Gupta, Anupam Mittal pitched for themselves to grab the hotseat . 14 January 2023 . . en . 14 January 2023 . https://web.archive.org/web/20230114150605/https://www.hindustantimes.com/entertainment/tv/kbc-here-s-how-vineeta-singh-aman-gupta-anupam-mittal-pitched-for-themselves-to-grab-the-hotseat-101672280279803.html . live .
  32. The Kapil Sharma Show S2- Sharks - Massive Contributors To Country's GDP -Ep 225-Full EP-30 Jan 2022 . 26 May 2022 . . 24 January 2023 . . 23 January 2023 . https://web.archive.org/web/20230123192207/https://www.youtube.com/watch?v=Ry-azrgoab4&t=49m51s . live .
  33. Web site: 29 January 2022 . Kapil Sharma asks Shark Tank's Vineeta Singh about lipstick marks on husband's shirt, he has a funny response . 24 January 2023 . . en . 1 July 2024 . https://web.archive.org/web/20240701030240/https://www.hindustantimes.com/entertainment/tv/kapil-sharma-asks-shark-tank-s-vineeta-singh-about-lipstick-marks-on-husband-s-shirt-he-has-a-funny-response-watch-101643455315545.html . live .
  34. Web site: Srivastava . Arushi . 18 April 2022 . Shark Tank India: From an athlete to business leader under 40, lesser-known facts about Vineeta Singh . dead . https://web.archive.org/web/20230206133100/https://www.pinkvilla.com/tv/news-gossip/shark-tank-india-athlete-business-leader-under-40-lesser-known-facts-about-vineeta-singh-1068792 . 6 February 2023 . 10 February 2023 . Pinkvilla.
  35. Web site: 20 August 2022 . SUGAR Cosmetics journey a part of IIM-A's case study, founders Kaushik Mukherjee & Vineeta Singh over the moon . 10 February 2023 . The Economic Times . 6 February 2023 . https://web.archive.org/web/20230206133057/https://economictimes.indiatimes.com/magazines/panache/sugar-cosmetics-journey-a-part-of-iim-as-case-study-founders-kaushik-mukherjee-vineeta-singh-over-the-moon/articleshow/93677573.cms?from=mdR . live .
  36. Web site: 1 November 2022 . PICS: Ashneer Grover to Vineeta Singh; sneak peek into the family life of Shark Tank India judges . 10 February 2023 . . 6 February 2023 . https://web.archive.org/web/20230206170943/https://timesofindia.indiatimes.com/tv/news/hindi/pics-ashneer-grover-to-vineeta-singh-sneak-peek-into-the-family-life-of-shark-tank-india-judges/photostory/90016016.cms . live .
  37. Web site: S . Vidya . 25 September 2021 . Run, Vineeta, Run . 10 February 2023 . Business Today . 6 February 2023 . https://web.archive.org/web/20230206133054/https://www.businesstoday.in/magazine/network/story/run-vineeta-run-307624-2021-09-25 . live .
  38. Web site: Singh Bhandari . Kabir . 14 June 2022 . Shark Tank India's Vineeta Singh Has Amazing Stamina And Fitness . 10 February 2023 . Entrepreneur . 30 January 2023 . https://web.archive.org/web/20230130084316/https://www.entrepreneur.com/en-in/lifestyle/shark-tank-indias-vineeta-singh-has-amazing-stamina-and/429442 . live .
  39. Web site: Ganesan Ram . Sharmila . 22 October 2017 . Powai power couple on losing friends and becoming 'Iron Man' . 10 February 2023 . . 7 February 2023 . https://web.archive.org/web/20230207024255/https://timesofindia.indiatimes.com/city/mumbai/powai-power-couple-on-losing-friends-and-becoming-iron-man/articleshow/61168600.cms . live .
  40. Web site: Iyer . Sundari . 22 January 2018 . Woman runs 21 km while being six months pregnant . 10 February 2023 . Mid-day . 27 January 2023 . https://web.archive.org/web/20230127222726/https://www.mid-day.com/mumbai/mumbai-news/article/mumbai-marathon-woman-runs-21-km-while-being-six-months-pregnant-18962182 . live .