India, July 23 -- Beauty and personal care D2C brand SUGAR Cosmetics has raised INR 40.99 Cr (around $5 Mn) in a mix of debt and equity funding led by existing investor Anicut Capital.

The round also saw participation from existing backers, including Stride Ventures and L Catterton.

According to SUGAR's January 30 MCA filing assessed by Inc42, Anicut infused INR 24.99 Cr and received 3,839 compulsory convertible preference shares (CCPS) at a face value of INR 2 and premium of INR 65,113 on a private placement basis. Besides, a separate filing dated December 26, 2024, stated that L Catterton pumped in INR 1 Cr receiving an allotment of 154 CCPS.

Additionally, the Mumbai-based startup has also raised INR 15 Cr in debt from Stride Venture...