Mumbai, India – In the world of Bollywood and television, where fame often takes center stage, Aashka Goradia has carved a unique path, transitioning from TV stardom to entrepreneurship with unprecedented success. Breaking away from the conventional journey of actors, Aashka’s story unfolds as she establishes Renee Cosmetics, a multi-crore company that has quickly become a powerhouse in the beauty industry.
A familiar face in the TV serial industry, Aashka bid adieu to her acting career in 2019, choosing to explore the world of business instead. Teaming up with college friends Ashutosh Valani and Priyank Shah, she co-founded Renee Cosmetics, venturing into the competitive cosmetic market. The brand swiftly gained traction, surpassing the success Aashka had achieved in her acting career.
In 2020, Renee Cosmetics, under Aashka’s leadership, achieved remarkable financial milestones, generating crores in its inaugural year. Within just two years, the company’s valuation skyrocketed to an impressive 100 million dollars, approximately Rs 800 crore. Priyank Shah, a key collaborator, shared their ambitious target of reaching a revenue of Rs 400 crore by 2024. The extensive portfolio of over 200 cosmetic products is distributed through online platforms like Amazon, Flipkart, Nykaa, and is available in over 600 offline stores.
To propel further growth, Aashka secured substantial funding from startup investors, accumulating a total of $36 million across four rounds. Renee Cosmetics’ current valuation stands at an impressive 100 million dollars, consistently turning substantial profits each year. Aashka Goradia’s triumphant journey in the business world has not only surpassed her achievements in acting but has also set her apart in an industry where financial success remains a formidable challenge for many.
