VC Fund Investments
Beauty brand Renee Cosmetics raises $10-M from Mensa Brands, others
Ahmedabad-based beauty brand Renee Cosmetics has raised USD 10 million in Series A led by Mensa brands. The round also witnessed participation from existing investors Equanimity and 9Unicorns. The brand has raised a total of USD 11 million till date, including the current round. Founded by Aashka Goradia Goble along with Beardo co-founders duo Ashutosh Valani and Priyank Shah, Renee Cosmetics claims to be a cruelty-free beauty brand offering a wide range of eye makeup, lip colours, skin serums and highlighters. Renee plans to use the funds in strengthening the brand presence and widening offline presence. A part of the funds will also be leveraged for catalogue expansion and marketing budgets.
From the Venture Intelligence PE-VC Deal Database: In Oct-21, Renee Cosmetics raised $1.5 M from Pivot Ventures, Equanimity Investments, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
