Bollywood actor Ranveer Singh is the latest celebrity to join an Indian startup by becoming an investor. The financial details of the investment were not disclosed. Singh has invested in SUGAR Cosmetics, a leading omnichannel beauty company. The financial details of the investment were not disclosed. Launched in 2012, the cosmetics brand offers cruelty-free and premium makeup products.
Singh’s partnership is likely to cement SUGAR’s fan-favorite status while opening new channels for the company to acquire customers. His investment follows a $50 million Series D fundraiser led by L. Catterton’s Asia Fund.
Not just him, many B-Town celebrities and cricketers have already invested in several startups.
Here is a list of celebrities who have invested in various companies:
Virat Kohli
Cricket ace Virat Kohli has invested in various startups including Digit Insurance, Universal Sportsbiz, Chisel and Rage Coffee. In 2015 he invested Rs 90 crore in gyms and fitness startup, Chisel with a 30 per cent stake in the company.
Kohli along with actress Anushka Sharma invested a total of Rs 2.5 crore in Digit Insurance, an insurtech startup. It was founded in 2017 by Kamlesh Goyal.
In 2020, he invested $1.8 million in fashion startup Universal Sportsbiz, founded by Anjana Reddy in 2012. The company’s latest round of financing was raised through debt financing.
In March 2022, Kohli invested in Rage Coffee, a D2C food and beverage brand launched in 2018. In early August 2021, Rage Coffee had raised $5 million in growth capital as part of its Series A funding round led by Sixth Sense Ventures.
Katrina Kaif
Katrina Kaif has invested in Falguni Nayar’s e-commerce platform Nykaa, a marketplace for various beauty and wellness products. Kaif invested Rs 2.02 crore in Nykaa in 2018 after launching her makeup line Kay Beauty. Nykaa’s latest round of funding involved raising funds on the secondary market.
FSN E-Commerce, operating under the Nykaa brand, had a consolidated net profit of 42 per cent to Rs 5 crore in the April-June quarter of FY23.
The company had recorded a net profit of Rs 3.52 crore in the same period a year ago.
Deepika Padukone
The actress has investments in a total of six companies – Furlenco, Purplle, BluSmart, Epigamia Bellatrix Aerospace and Front Row.
Furlenco is a subscription-based furniture rental platform founded in 2012 in Bengaluru.
purple is an online shop for cosmetics, skin care products, hair care and perfumes. The company’s most recent funding round, launched in Mumbai in 2011, includes a Series E fundraiser.
BluSmart provides reliable and affordable taxis to consumers in Delhi-NCR. Founded in 2019, the company recently raised funds through the Series A fundraising.
launched in 2015, epigamy is a Greek premium natural yoghurt brand that helps to make healthier choices. The company’s most recent round of funding is a Series A funding.
Bellatrix Aerospace is a 2019 startup founded by the Indian Institute of Science. Deepika Padukone was a key investor in the company, which received funding through a grant.
First row is a learning platform that offers courses taught by celebrities in creative fields. The edtech platform was launched in 2020.
Ayushman Khurrana
In 2019, the actor invested in The Man Company, a men’s grooming company founded in 2015. In addition to being a brand ambassador, Khurrana made an undisclosed investment. The company recently raised funds in a corporate round.
This was the first time Khurrana had made such an investment, the company’s press release said. TMC founder and CEO Hitesh Dhingra said the funding was part of a strategic investment in the company and the actor would not be serving on the board. He added that the funds will be used for branding and expanding the presence across India.
Priyanka Chopra
In 2021, she invested in dating app Bumble and an alternative college education startup called Holberton School. Launched in 2011, Bumble was a feminist dating app, while the San Francisco-based Holberton School was founded in 2015.
In August, Bumble lowered its full-year revenue guidance as it was hit by the war in Ukraine while grappling with stiff competition from rivals like Match Group Inc in the online dating market.
Shares of Austin, Texas-based Bumble fell nearly 13 percent in after-hours trading as its guidance for the current quarter also fell short of Wall Street estimates.
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