$916M
REVENUE
Featured
Perfect Diary
P&G insider who used multinational playbook against them. First Chinese beauty IPO. $4B valuation. Category-creating digital strategy.
Guangzhou
Color Cosmetics
Makeup brands creating distinctive color cosmetics with innovative formulations and trend-setting palettes. These beauty innovators blend cultural aesthetics with modern formulations, creating products that resonate with local preferences while competing globally.
2 Brands
Cultural Color Authority
Color cosmetics brands with strong local aesthetic understanding capture high-margin segments in fast-growing beauty markets. These brands offer cultural product-market fit that Western giants struggle to replicate, creating defensible market positions through authentic trend leadership.
Featured Brands
$60M+
REVENUE
Featured
SUGAR Cosmetics
Rejected ₹1 crore after two failures. Third startup reached $500M. Solved what L'Oréal overlooked: makeup for India's diverse skin tones.
Mumbai 🇮🇳
Related Insights
Founder's Journey
🇮🇳
9 min
From 4,500 Rejections to $200M: India's SUGAR Empire
Two engineers faced 4,500 investor rejections before building SUGAR Cosmetics—now $200M annually proving conviction outpaces capital.
Market Momentum
🇨🇳
8 min
How Perfect Diary Captured 20% of China's Beauty Market
Chinese beauty brands doubled market share from 22% to 56% in six years—Perfect Diary's $4B valuation proved Global South beats West on innovation.