{"id":23098,"date":"2022-02-11T16:19:58","date_gmt":"2022-02-11T10:49:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-renee-cosmetics\/"},"modified":"2022-02-11T16:24:39","modified_gmt":"2022-02-11T10:54:39","slug":"biz-renee-cosmetics","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-renee-cosmetics\/","title":{"rendered":"Renee Cosmetics raises USD 10 million in funding"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-569693433\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1833658376\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The brand will use the capital to expand its product line and grow digital and offline presence, said a statement from Renee Cosmetics.<\/p>\n<p> &#8220;The round (Series A) also witnessed participation from the existing investors including Equanimity and 9Unicorns. The brand has raised a total of USD 11 million till date, including the current round,&#8221; it said.<\/p>\n<p> Additionally, a part of the fund will also be leveraged for catalogue expansion and marketing budgets of Renee Cosmetics, which currently sells products through all leading online channels and over 500 stores in the country.<\/p><div class=\"trade-content_5\" id=\"trade-1001347568\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Founded by Aashka Goradia Goble along with Beardo co-founders duo Ashutosh Valani and Priyank Shah, Renee is a cruelty-free (no testing on animals) beauty brand offering a wide range of eye makeup, lip colours, skin serums and highlighters.<\/p>\n<p> &#8220;This fundraise will help us expand our expertise into creating and formulating groundbreaking products. We are excited to initiate this next phase of our journey,\u201d Goble said.<\/p>\n<p> The brand boasts a portfolio of about 30 products across 3 categories.<\/p>\n<p> The Indian cosmetics market was valued at about USD 13 billion in FY20 and expected to touch USD 29 billion in FY26. PTI KRH  KRH ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-3669097386\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors. The brand will use the capital to expand its product line and grow digital and offline presence, said a statement from Renee Cosmetics. &#8220;The round [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-23098","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Renee Cosmetics raises USD 10 million in funding - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-renee-cosmetics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renee Cosmetics raises USD 10 million in funding\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors. 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