Renee Cosmetics raises $1.5 M from Equanimity Ventures, 9Unicorns, others

Ahmedabad-based beauty brand Renee Cosmetics has raised USD 1.5 million in its pre-series A funding round, led by Equanimity Ventures and 9Unicorns along with Titan Capital. Renee is claimed to be a "cruelty-free" beauty brand with a range of lip colours, eye makeup, skin serums, cheek tints, highlighters, among others. Renee will use the funds raised to expand its distribution reach. It plans to have 1,000 beauty outlets over the next few quarters. Renee's founders previously founded male grooming brand Beardo, which was acquired by FMCG company Marico.