RENÉE Cosmetics Just Bagged $30M—And Its Valuation Is Blowing Up at $200 Million!
Move over, global beauty giants—India’s very own RENÉE Cosmetics is here to take the spotlight.
The fast-growing, celeb-backed beauty brand has just closed a massive $30 million Series C round, shooting its valuation up to a staggering $200 million.
And get this—it was valued at just $85 million a year ago. That’s nearly 2X in 12 months.
This isn’t just a funding round—it’s a power move in the world of glam and growth.
Who’s Behind the Big Money?
The round was led by Playbook, with Midas jumping in through a secondary deal. While RENÉE isn’t revealing all the juicy details, this fundraise is already turning heads across the startup and beauty industries.
What we do know? Investors are doubling down—and they’re betting this brand will become India’s next beauty unicorn.
From Lipsticks to a $200M Brand—The RENÉE Story
Launched by actress-turned-entrepreneur Aashka Goradia Goble, along with Beardo co-founders Ashutosh Valani and Priyank Shah, RENÉE Cosmetics started with a bold idea:
Make high-quality, affordable beauty products accessible to every Indian woman.
Today, that idea has turned into a 200+ product empire, with everything from:
- Eye makeup
- Lipsticks and lip glosses
- Highlighters
- Skin serums
- Daily essentials
Available not just online, but in over 15,000 offline stores across India.
But Wait—They’re Going Global Too
Think they’re stopping at India? Think again.
RENÉE has already launched beta online operations in the US, UAE, and Australia, planting its flag on international turf. With this fresh cash, you can expect major expansion across global markets.
This isn’t just a brand—it’s a beauty juggernaut in the making.
Here’s the Real Shock: The Numbers Behind the Glow-Up
Let’s talk cold, hard facts:
- FY23 revenue: ₹97.15 crore
- FY24 revenue: ₹191.65 crore
- Growth: Almost 2X YoY
- ARR: ₹500 crore
- Target ARR in 2 years: ₹1,000 crore
That’s half a billion rupees in annual revenue already—and they’re aiming to double that in just 24 months. Bold? Yes. Doable? With this momentum, absolutely.
But What About Profits?
Not everything’s glitter. RENÉE also reported losses of ₹61.45 crore in FY24, up 88.2% from last year.
But the founders say it’s all part of the aggressive scale-up strategy.
“This capital gives us firepower to scale our marketing engine, reduce CAC, and boost conversions across D2C and marketplaces,” said co-founder Ashutosh Valani.
In other words, they’re burning cash now to build an empire later.
Total Capital Raised So Far? A Cool $76 Million
That’s right—RENÉE has now secured $76 million in total from top investors like:
- Evolvence India
- Edelweiss Group
- Equanimity Ventures
- 100Unicorns
- And now, Playbook and Midas
When this many big names back you, you’re clearly doing something right.
