Renee Cosmetics raises $1.5 million from Equanimity Ventures, 9Unicorns

By

Maverick Martins

Published
Oct 1, 2021

Beauty brand Renee Cosmetics has raised $1.5 million (Rs 11 crore) in a pre-Series A round led by Equanimity Ventures and 9Unicorns. The funding round also saw participation by investors from Titan Capital.
 

The brand will utilise the funds to expand its offline presence along with the strengthening of its online network and diversification of product portfolio.
 
Commenting on the investment, Aashka Goradia Goble, director at Renee Cosmetics, in a statement said: “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, colours, and channels for Renee.”

Speaking on the funding, Apoorv Ranjan Sharma from 9Unicorns added: “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.”
 
Founded by actress Aashka Goradia, Renee Cosmetics is an Indian makeup brand and sells its products in India through its website and other e-commerce websites including, Amazon, Nykaa, Flipkart, and more.