Mumbai-based cosmetics start-up Sugar has raised USD 2 million (approx Rs 14.68 crore) in a Series C funding round led by Stride Ventures. Series C financing (also known as Series C round) is one of the stages in the capital-raising process by a start-up. Stride Ventures said these funds will be strategically deployed to keep pace with Sugar Cosmetics working capital and inventory requirements and fuel aggressive growth through the peak sales season.

(Moneycontrol)