Sharma was raised in Bangalore. She was educated at the Army School there, and received a degree in arts from Mount Carmel College. She originally intended to pursue a career in modelling or journalism, and had no aspirations to be an actress. After graduation, Sharma moved to Mumbai to further her modelling career.
Awards, Achievements- Filmfare Awards :
Best Supporting Actress Award for Jab Tak Hai Jaan (2013)
International Indian Film Academy Awards
Best Actress Award for Band Baaja Baaraat (2011)
Best Supporting Actress Award for Jab Tak Hai Jaan (2013)