Building a business empire
Renee was launched in 2018 as an internet-first brand, initially selling its products only online. The brand was launched with an initial investment of Rs 50 lakh and quickly expanded its digital footprint through retail platforms such as Amazon, Flipkart, Nykaa, and Myntra. Over time, it established an offline presence also. The brand strategically priced its products to cater to women across age groups and geographies, especially targeting both Tier I and Tier II cities. Its competitive pricing made Renee a strong contender against established beauty brands like Lakmé, Maybelline, MyGlamm, and Sugar Cosmetics. Despite being a new player in the beauty market, Renee hit Rs 100 crore in revenue within its first two years of launch, as per reports.