Former actress Aashka Goradia's RENÉE Cosmetics raises $25M in Series B funding!


Aashka Goradia, the co-founder and director at RENÉE Cosmetics, is on cloud nine. The former actress-turned-entrepreneur is in a celebratory mood as her brand has raised $25 million in Series B funding round led by Evolvence India. According to reports, the round also saw participation from Edelweiss Group and existing investors Equanimity and 9Unicorns. As per a portal's report, the deal was facilitated with the support of Spark Financial Holdings.

Talking about the same, Aashka said in a statement, "With our upcoming product portfolio, we want to unveil everyone's innate layer of beauty. We want RENÉE to be a part of every individual's journey towards loving themselves more and celebrating their beauty."

Recommended Read: Women’s Day Special ExtraordiNARI: Have never allowed anyone to downsize me because of my gender - Aashka Goradia Goble

In an official statement, RENÉE Cosmetics said, "With this funding, the company is moving towards building its mission of making RENEE Cosmetics a globally-recognized Indian beauty brand. This also leads to creating a $100 million valuation for the brand in a little over two years of operations, which is inclusive of a total of $35 million across three rounds of funding."

In 2018, Aashka launched RENÉE, her own beauty brand by introducing India's first double-stitched 3D eyelashes. 

(Source: Your Story/Instagram)