Mumbai: Beauty brand SUGAR Cosmetics has announced the appointment of Suchit Sikaria, former managing partner of Performics India, as the chief business officer to lead and handle the core direct to consumer division. 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, it said in a statement.
An MBA from IIM - Ahmedabad, Sikaria brings more than 14 years of leadership experience in sales, marketing, and business operations with stints at Performics India and Nokia India. He also brings an additional four years of start-up experience from his own entrepreneurial venture.
SUGAR Cosmetics co-founder & CEO Vineeta Singh 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.”
Speaking on his new role, Sikaria said, “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-favourite 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!"
In addition to SUGAR’s international presence in the US & Russia markets, SUGAR has also recently forayed into the Middle Eastern market in an exclusive partnership with the Landmark group and will be retailing their products at Lifestyle Stores across UAE and other countries
