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Indian beauty unicorn Purplle has raised $100 million from the Abu Dhabi wealth fund, according to a report. Meanwhile, Renee Cosmetics secured Rs 100 crore in a Series B funding round led by Evolvence India and Edelweiss Group. The funds for Renee Cosmetics were raised at a valuation of Rs 1,200-1,400 crore ($150-170 million). Renee Cosmetics plans to use the funding to expand their product portfolio and increase their omnichannel presence. Renee Cosmetics was founded by Aashka Goradia along with Beardo co-founders Priyank Shah and Ashutosh Valani.
We are delighted to share that @renee_cosmetics, a new-age beauty brand, has raised Rs 100 crore in a series B round led by existing investors Evolvence India and @EdelweissFin. Founded by @iaashkagoradia along with Beardo co-founders Priyank Shah and @ashutoshvalani, #RENEE… https://t.co/tybLtMzkc2
1/ Funding Alert 🚨 💼 Company: @renee_cosmetics 💰 Funding: Rs 100 crore ⚡ Round: Series B 👥 Investors: Evolvence India and Edelweiss Group The funding will be used to expand their product portfolio and increase their omnichannel presence. by @Trisha_Medhi | #fundingwithys… https://t.co/5hPbEwWuc5
Renee Cosmetics raises Rs 100 crore capital - Who's investing? https://t.co/iUKx3MsshR
