Mumbai-based beauty brand Sugar Cosmetics is raising Rs 140-150 crore in fresh capital from existing investor A91 Partners in a deal that could value the company at Rs 500-600 crore, three people familiar with the matter said. This is a sharp decline of more than 80% from its peak valuation of around Rs 3,000 crore, at which it raised capital four years ago.The fundraise comes as Sugar grapples with mounting losses, declining revenues, and
