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Renee to raise ₹200 cr from new investors
Mint Ahmedabad
|July 23, 2025
Direct-to-consumer startup Renee Cosmetics Pvt. Ltd is in talks to raise over ₹200 crore from new investors in a mix of primary and secondary transactions, according to three people familiar with the matter.
"The startup is currently carrying out due diligence. Several new investors, including Playbook Partners India, Spark Capital's Midas Investments, and Infinity Investments, are eyeing a stake in the company," the first of the three persons cited earlier said, all of whom spoke on the condition of anonymity.
"The round will likely value the company at around $200-240 million (₹1,700-₹2,000 crore), marking a significant jump from the last round," the second person said, adding that the company is eyeing ₹500 crore in annual recurring revenue in 2025-26.
Dit verhaal komt uit de July 23, 2025-editie van Mint Ahmedabad.
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