Published
Feb 14, 2022
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Renee Cosmetics raises $10 million in Series A from Mensa Brands, existing investors

Published
Feb 14, 2022

Beauty brand Renee Cosmetics has raised $10 million (Rs 75 crore) in a Series A round led by Mensa Brands. Existing investors Equanimity Investments and 9Unicorns also participated in the funding round.
 

Renee Cosmetics raises $10 million in Series A from Mensa Brands, existing investors - Renee Cosmetics


The brand will utilise the funds to strengthen its offline presence, catalogue expansion, and marketing.
 
Commenting on the funding, Aashka Goradia Goble, co-founder of Renee Cosmetics in a statement said, “This fundraise will help us expand our expertise into creating and formulating ground breaking products. We are excited to initiate this next phase of our journey.” 

Ananth Narayanan, founder and CEO of Mensa Brands added, “Renee Cosmetics has established a unique positioning and garnered customer love in the competitive beauty market. As the colour cosmetics segment rapidly grows over the next few years, I believe that Renee Cosmetics will emerge as a category leader owing to its innovative products and strong founding team.”
 
Founded in 2019 by Aashka Goradia Goble, along with Beardo co-founder duo Ashutosh Valani and Priyank Shah, Renee Cosmetics is an Indian beauty brand and sells its products through its website and other e-commerce websites including, Amazon, Nykaa, Flipkart, and more.

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