Beauty products retailer RENÉE Cosmetics has raised $30 million in its Series C funding round led by Playbook, per an announcement.
The funding round, which valued the company at $200 million, also saw participation from existing investors Evolvence India, Edelweiss, and Midas Partners.
The round involved a mix of primary and secondary capital, the startup said in a statement.
The Ahmedabad-based company intends to utilise the funds to broaden its product portfolio, expand its omnichannel presence in tier I and tier II cities, boost marketing initiatives, and upgrade its technology stack.
Founded by Ashutosh Valani, Priyank Shah, and Aashka Goradia Goble, RENÉE claims to have achieved an annualised revenue run rate of Rs 500 crore and is targeting a Rs 1,000-crore ARR over the next two years.
With over 200 SKUs in its beauty and perfume portfolio, Renee is currently present in over 15,000 offline outlets and also sells online through marketplaces such as Amazon, Flipkart, Myntra, and Nykaa. The company is also expanding globally with a beta online presence in the US, UAE, and Australia.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from August 5-7, 2025.
| Startup | Headquarter | Investment Size (USD) | Investment Stage | Lead Investor(s) | Other Investor(s) | Industry | Verticals |
|---|---|---|---|---|---|---|---|
| RENÉE Cosmetics | Ahmedabad | 30,000,000 | Series C | Playbook | Midas | Retail | E-commerce |
| SuperGaming | Pune | 15,000,000 | Series B | Skycatcher, Steadview Capital | a16z’s Speedrun, Bandai Namco’s 021 Fund, Polygon Ventures, Neowiz, GFR Fund, IVC Japan, Loud.GG, Polygon cofounder Sandeep Nailwal | Software | eSports |
| Xovian Aerospace | Bengaluru | 2,500,000 | Pre-Seed | Piper Serica, TurboStart | Inflection Point Ventures (IPV), Eaglewings Ventures | ||
| Outzidr | Bengaluru | 3,100,000 | Pre-Series A | RTP Global | Stellaris Venture Partners | Retail | E-commerce |
| HYLENR | Hyderabad | 3,000,000 | Pre-Series A | Valour Capital, Chhattisgarh Investments Limited | Karthik Sundar Iyer, Anant Sarda | Renewable Energy | Cleantech |
| MangoPoint | Chennai | 1,000,000 | Pre-Series A | Inflection Point Ventures | The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, JITO Incubation and Innovation Foundation (JIIF) | Food | E-commerce |
| DPDzero | Bengaluru | 7,000,000 | - | GMO Venture Partners | SMBC Asia, Blume Ventures | Financial Services | Fintech |
| CodeKarma | Bengaluru | 2,500,000 | Pre-Seed | Prosus, Accel, Xeed Ventures | SenseAI Ventures, Stargazer Ventures | Software | SaaS |
| Zype | Mumbai | 10,200,000 | - | Unleash Capital Partners | Xponentia Capital | Financial Services | Fintech Lending |
| Cautio | Bengaluru | 1,800,000 | - | Amal Parikh | 8i Ventures, AU Small Finance Bank, Venture Catalysts, Vibha Chetan (Cheravi Ventures), Raveen Sastry (Multiply Ventures), Vivekananda Hallekere (Bounce), Nishchay AG (JAR) | Electronics | Ridesharing/Transport |
| Gladful | Jaipur | 912,200 | - | Eternal Capital | Antler India, Venture Catalysts | Food | E-commerce |
| Terafac | Chandigarh | 800,000 | Pre-Seed | Inuka Capital | DEVC, Bharat Founders Fund, Innovation Mission Punjab | Industrial Machinery | Robotics & Drones |
| Tryo | Bengaluru | 342,075 | Pre-Seed | Zeropearl VC | - | Retail | E-commerce |
| EON Space Labs | Hyderabad | 1,200,000 | Pre-Series A | MGF Kavachh | HHV Advanced Technologies | Aerospace | Spacetech |
| Shortgun | Mumbai | 1,000,000 | Seed | - | - | Software | eSports |
| GameRamp | Bengaluru | 5,400,000 | Pre-Seed | BITKRAFT Ventures | South Park Commons, Mixi, DeVC | Travel & Leisure | eSports |
| TurboHire | Hyderabad | 6,000,000 | Series A | IvyCap Ventures | - | Software | HR Tech |
| Jeh Aerospace | Hyderabad | 11,000,000 | - | Elevation Capital | General Catalyst | Aerospace | Spacetech |
