D2C cosmetics brand Recode Studios raises funding

Ludhiana-based direct-to-consumer (D2C) cosmetics and skincare brand Recode Studios has raised pre-Series A round led by Sanjay Katkar. Founded by Dheeraj Bansal and Rahul Sachdeva in 2018, the company claims to be valued at INR 100 crore. It will use the funds to hire senior vertical leadership and strengthen its team, scale up R&D efforts and expand product range.