Vineeta Singh: Bio, Wiki, Age, Family, Career and Net Worth
Sugar was established by Vineeta Singh, an Indian businesswoman who is also the company’s namesake and creator. She is a role model for other Indian women who want to start their own companies and earn a million dollars on their own. Anand, Gujarat is the city where Vineeta Singh was born in the year 1983. Since she was a little child, her parents have always instilled in her the importance of putting her education first. It was her maternal grandmother’s home in Bhavnagar, Gujarat, and she visited there frequently. However, his parents were offered jobs in Delhi, so they relocated there only after Vineeta had been in the world for four years. Vineeta was born during that time.
Her early education was completed in the Delhi Public School located in R.K. Puram, Delhi, from the years 1987 to 2001. Since she had always been the kind of girl who put effort into her schoolwork, it was not difficult for her to pass the admission exam for IIT JEE. She passed all of the required tests and was accepted into the Indian Institute of Technology (IIT) in Madras. From 2001 till 2005, she attended this institution to earn her Bachelor of Technology degree in Electrical Engineering. During her time at the university, she was also quite interested in sports, particularly badminton, in which she was very successful and won numerous contests.
After achieving a high level of success in her B.Tech studies, Vineeta Singh went on to pass the Common Admission Test (CAT) and is now pursuing a master’s degree in business administration. She obtained a respectable ranking on the Common Admissions Test (CAT) and used that to get entry into the Indian Institute of Management (IIM), Ahmedabad. Between the years 2005 and 2007, she successfully completed her MBA. During that period, she also completed her internships in London, New York, and at Deutsche Bank, which each lasted for three months.
Vineeta Singh’s Professional Life
From September 2007 till May 2012, Vineeta was employed by Quetzal Verify Private Ltd. in the capacity of director. Together with one of her fellow students at IIM, she founded Quetzal. The business offered HT services, including recruitment, pre-employment background checks, and verification of qualifications. Vineeta made the decision to leave the company when it did not scale up so that she may pursue her fashion career.
Since April 2012, Vineeta has been running the company FabBag, which gives its members the chance to sample products from three to four of the best companies in the world on a monthly basis. Fab Bag has partnered with over 50 and a half different worldwide businesses.
Vineeta co-founded Sugar Cosmetics in July 2017, around three years after she opened her first business, FabBag.com. Currently, Vineeta is the CEO of Sugar Cosmetics. The brand is a well-known one in the cosmetics business today, and it competes successfully with other well-established brands such as L’Oréal and Lakme.
Education of Vineeta Singh
Institution of Indian Technology (IIT) Delhi– Vineeta attended DPS RK Puram Delhi for her elementary and secondary education, and then went on to complete her Bachelor of Technology degree in electrical engineering at Anna University in the year 2005. She had always been the front leading face of the extracurricular events, whether it was as the director of PR or the coordinator of Tech fest.
IIM Ahmedabad (Indian Institute of Management) – He received his master’s degree in business administration (MBA) from IIM Ahmedabad in the year 2007.
She had the drive to accomplish something significant from the very beginning and, as a result of being motivated by his father, she turned down a job offer that paid one crore rupees ($1,000,000) a year after she had completed her MBA. After turning down the position, she put a lot of effort into other endeavors, but she was unable to secure finance from the investor. After this, she became the owner of Bootstrap, a services firm where she offered clients services related to the verification of their past employment and, in exchange, received financial compensation from those clients. During that time, her monthly salary in Mumbai amounted to just 10,000 Indian rupees.
The next year, in 2007, she was given the position of Director at Quetzal Online Private Limited, where she was employed for a period of around 5 years. Following that, she established her own beauty product selling company known as FAB BAG in Mumbai in the year 2012. In approximately three to four years, the yearly turnover of her company went from three crores to four crores. However, Vineeta believed that her company could not develop into a world-class business, therefore she decided to shut it down after around five years in business. After that, in the year 2015, she conducted a great deal of study, and as a result, she learned that in the near future, young Indian women had the potential to become her customers in India.
Vineeta Singh’s Cosmetics Brand
Vineeta launched her own cosmetics brand called Sugar in the year 2015, with a primary focus on catering to young women. Her company had a rough start due to the fact that at the time, Indian women did not shop for cosmetics or other beauty products online; rather, they preferred to go to the store in order to purchase the items. As a result, the business struggled to get customers. After that, she went back to the drawing board and did a lot more research on her target market, which resulted in her making her items more appealing to teenage girls. Following this, there was a gradual rise in her sales, as well as an expansion in the company’s customer base.
Later on, her company’s products also began selling online, which is one of the reasons why the accessibility of his product to the consumer dramatically expanded over time. By the year 2021, 45% of her company’s business will come from offline channels, 45% from internet channels, and 10% from the global market. The Sugar cosmetics business has over 2500 locations spread out across 130 different cities in India. Her business currently generates more than 300 crores Indian rupees in revenue each year.
In the year 2022, Vineeta Singh will make her debut on television for the very first time, participating in a program. She is currently taking part in the role of a shark on the Indian version of the show Shark Tank, which is broadcast on Sony TV and features a number of well-known Indian businesspeople, including Ashneer Grover, Anupam Mittal, Aman Gupta, Peyush Bansal, Namita Thapar, and Ghazal Alagh, among others. This business and investment-related show on Sony TV called Shark Tank India features numerous business owners from all across India presenting their company concepts and pleading with the “sharks” to invest in their companies.
Vineeta Singh is an incredible role model for everyone interested in starting their own business. Vineet Singh net worth is currently one of the most popular search terms because of the tremendous success of her cosmetic company, Sugar. As a result of this success, Vineet Singh net worth has contributed significantly to her overall wealth. The businesswoman and mother of two had a rocky start, to say the least, and it wasn’t all rainbows and sunshine from the very beginning. In point of fact, Singh disclosed the incident in a post that she had published on Instagram and that she had shared. In the post, she stated that an investor had declined to meet with her on the grounds that he desired to discuss business with a “male.”
Through this republished post from Humans of Bombay, you will have a deeper understanding of Singh’s journey as an entrepreneur, including her setbacks, challenges, and eventual success on the world stage. In relation to the stage, Vineeta Singh is a member of the world-famous Shark Tank Shark family. In an interview with HT, she expressed how much she appreciated the opportunity because it was genuine and the participants were merely given the instruction to be themselves. Vineeta Singh was reportedly paid Rs 5 lakh for each and every episode of the reality show that is currently the most popular in the country, as stated in a report that was just published by CNBC.
Vineeta Singh, the inventor of Sugar, has an estimated net worth of the following amount:
Sugar cosmetics was initially established by Vineet Singh, who also serves as the company’s CEO. Before this, she also established Fab Bag, a cosmetic subscription firm, which is another one of her successful endeavors that has contributed to the growth of her net worth.
In addition to this, Singh is a parent to two young children of her own. In point of fact, she was reported as saying something along the lines of, “So at times I’d be pumping breast milk, working out, receiving workplace calls, and praying not to wake up my baby.” I would have restless nights, but I loved what I was doing so much that it was worth it. Incredible.
In addition to that, Singh is quite into working out. Her primary form of physical activity is running, which she took up at a time in her life when she felt at her lowest point. At the age of 23, the entrepreneur had moved away from her childhood home, located a small place in Mumbai, and begun the quest to become the CEO and founder of a cosmetic firm in the country that is extremely successful. It was determined that Vineeta Singh has a total net worth of Rs 300 crore.
Vineet Singh has, prior to her appearance on Shark Tank as a Shark, funded a total of two additional businesses in their early stages of development. Singh has made investments in the companies Skippi Ice Pops and CosIQ, which is a skincare firm that creates products based on scientific research.
Vineeta Singh’a Net Worth
If we are talking about Vineeta Singh’s whole net worth, then her total net worth is somewhere in the neighborhood of 60 crores. She started Sugar Cosmetics, which now has a yearly revenue of more than 300 crores and is named after her. Sugar Cosmetic Company was initially started by Vineeta’s husband, Kaushik Mukherjee, who is also one of the company’s co-founders.
In addition to this, Vineeta has participated in the Shark Tank India Show by making investments in a variety of other start-up businesses, such as NOCD Energy Drink, Blue Pine Foods, Ridebooz, and Mycosiq. Vineeta is known to lead a lavish lifestyle, as seen by the fact that she frequently travels in high-end automobiles such as Audis, BMWs, and Mercedes-Benzes.
|Real Name||Vineeta Singh|
|Popular For||Being the Co-founder of cosmetic brand Sugar|
|Date Of Birth||The year 1983|
|Age||39 Years (In 2022)|
|Birthplace||Anand, Gujarat, India|
|Hometown||Anand, Gujarat, India|
|Current Address||Delhi, India|
|Educational Qualification||*B.Tech in Electrical Engineering from IIT Madras (2001-05)
*MBA (Post Graduation) from IIM Ahmedabad (2005-07)
|College||*Indian Institute of Technology (IIT), Madras
*Indian Institute of Management (IIM), Ahmedabad
|High School||Delhi Public School, R.K. Puram, New Delhi (1987-2001)|
|Language Known||English, Hindi|
|Zodiac Sign/Star Sign||Not Known|
|Blood Group||Not Known|