February 17, 2022: RENEE Cosmetics, India’s new-age beauty brand, has raised $10 million in Series A led funding by Mensa Brands. The other participants include existing investors Equanimity and 9Unicorns. Till now, the brand has raised $11 million in investment. RENEE Cosmetics is a cruelty-free beauty brand that offers a wide range of products including; lip colours, skin serums, highlighters, and eye makeup. Till now, it has about 30 products.
The company has seen a whopping 400% growth in the last quarter and has set bigger targets for the future. In 2022, the company will focus on expanding the product catalogue, marketing and also increasing its offline presence. The latest round of funding will help them attain these goals.
