RENEE Cosmetics Secures $30M in Series C funding at a $200 million valuation

RENÉE Cosmetics raised $30M in Series C funding at a $200M valuation, led by Playbook with secondary backing from Midas. The funds will drive product expansion, omnichannel growth in Tier I and II cities, and brand building. Co-founder Ashutosh Valani aims to double the INR 500 Cr ARR to INR 1,000 Cr in two years. RENÉE, founded by Aashka Goradia, Valani, and Priyank Shah, competes with Sugar Cosmetics and MyGlamm.