Beauty Brand Renee Cosmetics has raised $ 10 million in a Series A round led by Mensa Brands. The round also witnessed participation from the existing investors, including Equanimity Investments and 9Unicorns. The brand has raised a total of $ 11 million till date, including the current round.
Last year in October, the startup raised $1.5 million in a pre-Series A round led by Equanimity Ventures and 9Unicorns, with participation from Titan Capital.
According to the official statement, the Indian beauty brand plans to use the funds majorly in strengthening the brand presence and widening its offline presence. A part of the fund will also be leveraged for catalog expansion and marketing budgets.
RENEE is currently selling products through all leading online channels and 500+ stores in the country.