[Funding alert] Beauty startup RENEE Cosmetics raises $10M in Series A round

The Indian beauty brand plans to use the funds majorly in strengthening the brand presence and widening offline presence. RENEE Cosmetics is a cruelty-free beauty brand offering a wide range of eye makeup, lip colours, skin serums, and highlighters. At present, the Ahmedabad-based beauty brand claims to clock ARR of Rs 60 crore and is all set to reach Rs 150 crore by the end of this fiscal year. The brand has raised a total of $ 11 million till date, including the current round. The Indian cosmetics market was valued at about $13 billion in FY20 and is expected to touch $29 billion in fiscal year 26-year-old in FY26. The fund will be leveraged for catalogue expansion and marketing budgets . . .