Ahmedabad-based D2C beauty startup Renee Cosmetics has doubled its valuation in just over a year, underscoring its sky-rocketed growth in India’s booming cosmetics sector.
As of June 2024, Renee Cosmetics valuation 2025 stood at approximately ₹1200–₹1400 crore after raising ₹100 crore in a Series B round led by existing investors, Evolvence India and Edelweiss Group.
Fast forward to July 2025, and the brand is reportedly in talks to raise over ₹200 crore at a valuation of roughly $200–240 million (₹1700–₹2000 cr), placing its current valuation near ₹200 crore, consistent with its notable upward movement.
This Renee Cosmetics growth story reflects strong investor confidence and rising momentum. In FY 2023–24, revenues surged almost double, from ₹97.2 crore to ₹191.7 crore, while the company expanded offline distribution, doubling in‑shop outlets to over 1,200 and targeting 2,500-plus by 2026. Quick commerce channels now contribute roughly 10% of sales, and the brand offers 200+ products across e‑commerce and retail platforms like Nykaa, Amazon, Flipkart, and Myntra.
The Renee Cosmetics funding update includes cumulative funding of approximately $45–48 million across seed, Series A, and Series B rounds. Its December 2022 Series B of $25 million (≈₹200cr) valued it at about ₹850 cr (≈$100 m); the June 2024 ₹100cr infusion drove a valuation leap of nearly 60% compared to that earlier mark.
In addition to investments from Evolvence and Edelweiss, potential new backers like Playbook Partners India, Spark Capital’s Midas Investments, and Infinity Investments are reportedly eyeing participation in the larger ₹200 cr-plus round, which may involve secondary transactions and partial exits by early investors. This reflects growing Indian beauty startup funding appetite and increasing D2C brand investment India activity in the segment.
Renee’s rapid scale‑up, expanding product portfolio, and blended online–offline model position it strongly against competitors such as Sugar Cosmetics, MyGlamm, Lakmé and Pilgrim. With revenue projected to hit ₹500 cr by FY 25–26 and profitability targeted within 18 months, the brand’s trajectory underscores why investors are doubling down.
In summary, the Renee Cosmetics growth story encapsulates both quantitative and qualitative gains, from ₹100 cr in June ’24 to effectively ₹200 cr by July ’25 (headline conversion), powered by robust consumer demand, strategic expansion, and growing investor interest in India’s D2C beauty market.
