Malabar Investments eyes Sugar Cosmetics stake via Rs 80-100 crore secondary round

Malabar Investments, an India-focused investment fund, is in talks with early-stage backers of Mumbai-based Sugar Cosmetics to acquire a stake in the company for Rs 80-100 crore in a secondary transaction, people aware of the development said.

If a deal is finalize, it is likely to value the company at about Rs 2,900 crore (approximately $350 million), and could see partial exits from Sugar Cosmetics’ early investors, including RB Investments and India Quotient, in addition to some angel investors and family offices, the people cited earlier said.