SUGAR Cosmetics, one of the fastest-growing premium beauty brands in India, has appointed Suchit Sikaria, former Managing Partner of Performics India, as the Chief Business Officer to lead and handle the core Direct to Consumer (D2C) division at SUGAR Cosmetics.
With this strategic move, the brand aims to double down on its aggressive past performance of building one of India’s fastest-growing brands in the D2C consumer space.
Sikaria brings more than 14 years of leadership experience in sales, marketing, and business operations while working with Performics India (that was formed by the merger of legacy brands Convonix and Resultrix in 2018) and Nokia India prior to that. He also brings an additional 4 years of start-up experience from his own entrepreneurial venture in the food-tech space and is expected to tap into his rich experience of building both a digital startup and India’s largest performance marketing agency.
Talking about this new addition to the SUGAR team, Vineeta Singh, Co-Founder & CEO, SUGAR Cosmetics, said, “We are excited to welcome Suchit Sikaria as the new Chief Business Officer for our D2C business at SUGAR Cosmetics and are eager to see the magic he creates for the brand. Over the past 6 months at SUGAR, we have aggressively been growing the team and recruiting the sharpest minds who can accelerate the brand’s trajectory, 120+ new team members and we’re not done yet. Suchit’s deep expertise in scaling large-budget performance marketing campaigns for one of India’s largest digital advertising agencies will be pivotal to scaling the revenues 5x times in the next 3 years and further cementing the brand’s hold in the D2C market space.”
SUGAR Cosmetics is one of the fastest-growing D2C first brands to cross 100+ crore revenue in 4 years and known for creating a cult following for its makeup products that are made to suit all Indian skin tones. In the last year, its D2C platform has continued to scale aggressively with the brand app crossing 1+ million downloads with 4.6+ star ratings and the Instagram page crossing the 1.5 million+ following mark with 200+ million monthly impressions.
Suchit Sikaria stated, “I am incredibly excited to start this new journey at SUGAR Cosmetics. I have been avidly following the journey of this brand and have been quite inspired by how quickly they have grown and become a cult-favorite among India’s gen-Z and millennial women. I look forward to bringing in my experience of the industry and building the brand into a much larger D2C player; not just in the country, but even globally. I look forward to this new opportunity.”
Founded in 2015, SUGAR currently offers 550+ products in makeup and skincare. In addition to SUGAR’s international presence in US and Russian markets, SUGAR has also recently forayed into the Middle Eastern market in an exclusive partnership with the prestigious Landmark Group and will be retailing their products at Lifestyle Stores across UAE and other countries.
Renowned designer Punit Balana recently unveiled his Spring Summer 24 collection, titled "Modern Jaipur," capturing the vibrancy and regality of his hometown. Drawing inspiration from a polo match in Jaipur, the collection beautifully weaves together the essence of the city, reflecting high society life with royals and aristocrats.
Imprinting his vision of Jaipur's life, Punit incorporates signature colors, Masoom Gulabi and Moonga, into the collection. The palette's softness and bold prints create the perfect blend of Modern Jaipur aesthetics. Collaborating with creators like Ankush Bahuguna and Sahiba Bali for the campaign, the collection showcases the talent behind the lens.
Punit Balana shared, "Modern Jaipur Collection celebrates the timeless elegance and vibrant spirit of my beloved hometown. Whether you're in Jaipur or a bustling cosmopolitan city, Modern Jaipur isn't just fashion; it's a cultural journey that becomes a part of your essence."
The collection pays homage to the city's past while embracing the contemporary spirit of today's society that confidently makes a statement. Regardless of whether you're in New York or Mumbai, Modern Jaipur transcends fashion, seamlessly becoming a part of your identity.
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