# Sid Gupta

> Sid Gupta is the Co-Founder and CEO of Quince, a San Francisco-based manufacturer-to-consumer (M2C) brand that sells luxury-quality cashmere, silk, and home goods at a fraction of traditional retail prices. Founded in 2018 alongside his wife Zunu Mittal and CTO Sourabh Mahajan, Quince reached a $10.1 billion valuation in March 2026 after raising a $500M Series E led by Iconiq Capital. Before Quince, Gupta built Lolli & Pops, a specialty candy retail chain, from 11 struggling locations to nearly 100 stores across 28 states. A University of Chicago economics graduate and Stanford MBA, he has spent his career dissecting pricing inefficiencies in consumer retail - and building businesses to exploit them.

- **Role:** Co-Founder & CEO at Quince
- **Organizations:** Quince, Lolli & Pops
- **Nationality:** American
- **Education:** Bachelor of Arts in Economics, University of Chicago, MBA in Finance, Stanford Graduate School of Business
- **Known for:** Built Quince to a $10.1 billion valuation in under 8 years, Raised $955M+ total funding including a $500M Series E (March 2026), Grew Quince past $1 billion in annual revenue

## Career timeline

- **2000s** — Investment Banking Analyst at Citigroup (consumer and retail M&A)
- **2000s** — Private Equity Associate at Catterton Partners
- **2012** — Acquired struggling Lolli & Pops candy chain (11 stores, Oklahoma City)
- **2012-2018** — Grew Lolli & Pops from 11 to ~100 stores across 28 states, $50M annual revenue
- **2018** — Co-founded Quince with wife Zunu Mittal and CTO Sourabh Mahajan
- **2019** — Quince launched publicly as 'Last Brand'
- **2020** — Rebranded from Last Brand to Quince; launched out of beta in October; raised $8.5M seed from Founders Fund, 8VC, Basis Set Ventures
- **2021** — Rapid growth phase; raised Series A from Insight Partners
- **2022-2023** — Expanded product lines from apparel to homeware, travel, furniture; raised Series B ($77M)
- **2025-01** — Raised $120M Series C
- **2025-07** — Raised $200M Series D at $4.5B valuation (led by Iconiq Capital); crossed $1B revenue milestone
- **2026-03** — Raised $500M Series E led by Iconiq Capital at $10.1B valuation
- **2026** — Listed in Business of Fashion BoF 500 as one of 'The People Shaping the Global Fashion Industry'

## Achievements

- Built Quince to a $10.1 billion valuation in under 8 years
- Raised $955M+ total funding including a $500M Series E (March 2026)
- Grew Quince past $1 billion in annual revenue
- Pioneered the Manufacturer-to-Consumer (M2C) retail model at scale
- Named to Business of Fashion BoF 500 list
- Built Lolli & Pops from 11 to ~100 stores across 28 states with $50M in annual revenue
- Turned Lolli & Pops investment profitable within months of acquisition
- Co-founded Quince alongside wife Zunu Mittal (President) and CTO Sourabh Mahajan
- Grew Quince to 2,000+ employees

## Latest updates

- **2026-03** — Raised $500M Series E led by Iconiq Capital at a $10.1 billion valuation
- **2025-07** — Raised $200M Series D at $4.5B valuation; crossed $1B in annual revenue
- **2025-01** — Raised $120M Series C
- **2026** — Named to Business of Fashion BoF 500 list of people shaping the global fashion industry

## Links

- Website: https://quince.com
- LinkedIn: http://www.linkedin.com/in/guptasid
- Twitter/X: https://twitter.com/onequince
- Facebook: https://facebook.com/Quince

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Profile page: https://yespress.io/sid-gupta
Published by YesPress — https://yespress.io
Last updated: 2026-05-22