RENEE Cosmetics raises $1.5M in pre-Series A round

renee cosmetics funding

 Renee Cosmetics announced that it has raised $1.5 million in a pre-Series A round led by Equanimity Ventures and 9Unicorns, with participation from Titan Capital.

The round saw participation from prominent investors like Rajesh Sehgal from Equanimity Ventures, Apoorv Ranjan Sharma from 9Unicorns, and Kunal Bahl and Rohit Bansal from Titan Capital.

The brand plans to use the freshly raised funds to strengthen its ability to innovate, retain, and grow its digital hold and increase its offline presence. 

Speaking about the funding, Aashka Goradia Goble, Director and Co-founder, RENÉE Cosmetics, said, “To be able to solve the daily needs of the modern Indian woman and bring together key necessities is something I have always wanted to achieve. We have successfully managed to do this through our multiple unique releases and are excited to bring a lot more experiences in the world of makeup.”

She added, “The journey has only just begun, and as we welcome our new partners, we’re excited to make professional makeup easy for the everyday woman with newer formulations, colors, and channels for RENÉE.”

Commenting on the investment, Apoorv Ranjan Sharma from 9Unicorns, said, “Ashutosh and Priyank have proven their mettle in building successful brands. Their experience, along with Aashka’s vision, knowledge, and leadership style, is sure to lead RENEE to even greater heights of innovation and success. We are delighted to join hands with the team and are looking forward to the revolution that RENEE will bring to the world of beauty.”

Rajesh Sehgal from Equanimity Ventures, added, “RENEE is an innovative approach to beauty cosmetics offering women new-age makeup products with quality, variety, and class. The founding team of Aashka, Ashutosh, and Priyank is a true blend of understanding the beauty and world-class business processes. Equanimity is delighted to partner with RENEE on this fabulous journey of beautifying Indian women and allowing them to express themselves like never before.”

Commenting on the vision ahead, Ashutosh Valani, Co-founder and Director, RENEE Cosmetics, said, “We are ecstatic to be growing RENÉE to even greater heights after our success with Beardo. From being leaders of the male grooming industry to now grasping the massive market size of the women’s beauty industry, we truly believe we can achieve leaps and bounds with the brand. We’re here to lead with innovation and newness in an otherwise saturated industry, and as we grow, our products will continue being testament to that.”

Renee Cosmetics has established itself as a strong player in the cosmetic space. I’m sure the company will continue to reach new pinnacles of success in its journey ahead. My best wishes to the team of Renee Cosmetics.

Shishir Gupta, Founder and CEO, StartupLanes

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