RENÉE Cosmetics Secures Rs 100 Crore in Series B Funding from Edelweiss Group and Evolvence India

RENÉE Cosmetics, founded in September 2020 by Aashka Goradia Goble, Ashutosh Valani, and Priyank Shah, has recently secured ₹100 crore in its Series B funding round.

Led by Evolvence India and Edelweiss Group, this funding round values the company between ₹1,200 crore to ₹1,400 crore, marking a 60% increase from its previous valuation in December 2022.

Headquartered in Ahmedabad, Gujarat, RENÉE Cosmetics has quickly established itself as a leading direct-to-consumer beauty brand, offering a diverse range of over 200 makeup and skincare products.

The brand is renowned for its innovative and multifunctional offerings, including popular products like the FAB 5-in-1 Lipstick, PH Madness Stick, and Fab Face 3-in-1 Makeup Stick, which cater to modern beauty needs with simplicity and efficacy.

The latest funding infusion aims to bolster RENÉE Cosmetics‘ product portfolio and expand its omnichannel presence across India.

Currently, the brand’s products are available on its official website and major e-commerce platforms such as Amazon, Flipkart, Nykaa, and Myntra. Additionally, RENÉE Cosmetics products are accessible through 1,200 shop-in-shop stores nationwide.

With impressive growth metrics, RENÉE Cosmetics reported a robust net revenue of ₹200 crore in the last fiscal year and targets reaching ₹400 crore by the end of this fiscal year.

The company anticipates achieving profitability within the next 18 months, underscoring its strong position in the competitive beauty market.

For more information about RENÉE Cosmetics and its range of products, visit their official website or connect with them on social media platforms.

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