When was Recode Studios founded?

Recode Studios was founded in 2018 and raised its 1st funding round 5 years after it was founded.

Where is Recode Studios located?

Recode Studios is headquartered in Ludhiana, India. It is registered at R-89, Phase V Focal Point, Ludhiana, Focal Point, Ludhiana, Ludhiana, Punjab, India, 141010.

Who is the current CEO of Recode Studios?

Dheeraj Bansal of Recode Studios. They have also founded 1 company.

Which legal entities is Recode Studios associated with?

Recode Studios is associated with RECODE STUDIOS LIMITED.

How many employees does Recode Studios have?

As of Aug 31, 2025, Recode Studios has 20 employees, reflecting a 25% year-over-year growth in headcount.

Is Recode Studios a funded company?

Recode Studios is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 04, 2023.

When was the latest funding round of Recode Studios?

Recode Studios' latest funding was a $***** Seed round on Feb 04, 2023, with participation from 13 investors. Its primary sector is Beauty & Personal Care Products. In India, the Beauty & Personal Care Products sector has seen $159M in funding in 2026 to date.

What is the annual revenue of Recode Studios?

Annual revenue of Recode Studios is between ₹50 Cr and ₹100 Cr as on Mar 31, 2026

Where does Recode Studios rank among its competitors?

Recode Studios ranks 31st amongst 897 active competitors, of which 72 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Nat Habit, which secured $14.7M in Oct, 2026.

Who are the top competitors of Recode Studios?

Recode Studios' top competitors include Innovist, Pilgrim and Renee Cosmetics. Among them, Nat Habit secured the most recent funding round in October, 2026.

Recode Studios - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Website: shop.recodestudios.com/
Social
Email ID: *****@recodestudios.com
Phone Number: +91 **********
Registered Address: R-89, Phase V Focal Point, Ludhiana, Focal Point, Ludhiana, Ludhiana, Punjab, India, 141010

Key Metrics

Founded Year

2018

Location

Ludhiana, India

Stage

Public

Total Funding

$493K in 1 round

Latest Funding Round

Seed, Feb 04, 2023, $*****

Investors

Sanjay Katkar & 14 more

Ranked

31^st among 897 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2026

Employee Count

20 as on Aug 31, 2025

Investment & Acquisitions

Aflairza

Similar Companies

Renee Cosmetics & 483 more

Exit Details

Public

View Recode Studios' full profile

Recode Studios is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
RECODE STUDIOS LIMITED CIN: L74999PB2021PLC053619 , India, Active	Jun 16, 2021	₹50 - ₹100 Cr (As on Mar 31, 2026)	12 (As on Jan 01, 2026)

Recode Studios got listed on May 12, 2026.

Click here to take a look at Recode Studios's IPO in detail

Recode Studios has raised a total funding of $493K over 1 round. Its latest funding round was a Seed round on Feb 04, 2023 for $*****. 13 investors participated in its latest round. Recode Studios has 1 institutional investor and 14 angel investors.

Here is the list of recent funding rounds of Recode Studios:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 04, 2023	3494112	Seed	9464320	3478292	1635021	6159868

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View details of Recode Studios's funding rounds and investors

The founders of Recode Studios is Dheeraj Bansal. Dheeraj Bansal is the CEO of Recode Studios.

Here are the details of Recode Studios' key team members:

Dheeraj Bansal: Co-Founder & CEO of Recode Studios.
Contact Info: 1 email address and 1 phone number

Recode Studios' Board of Directors

Recode Studios's board has 8 active members. Rahul Sachdeva is part of team and Sarat Kumar Mishra, Manoj Kumar, Shalini Trehan, Dheeraj Bansal, Naveen Gupta, Karan Bansal and Shelly Bansal are independent board members.

Here is the list of Recode Studios' board of directors:

Name	Type	Representing	Status	Duration
xtyjebp	Team	-	Past	2y 9m
Sarat Kumar Mishra	Independent board member	-	Current	1y 2m
aovatva	Independent board member	-	Current	1y 4m
{ybxnqa	Independent board member	-	Current	2y 8m
sqtfwbq	Independent board member	-	Current	9y 4m
usxizuy	Independent board member	-	Current	3y 5m
xgrqiyu	Independent board member	-	Current	7y 8m
hmuwusv	Independent board member	-	Current	5y 4m

View details of Recode Studios's Founder profiles and Board Members

Recode Studios' employee count trend

Recode Studios has 20 employees as of Aug 25. The total employee count is 25.0% more than what it was in Aug 24. Here is Recode Studios's employee count trend over the years:

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Top competitors of Recode Studios include Innovist, Pilgrim and Renee Cosmetics. Here is the list of Top 10 competitors of Recode Studios, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Innovist 2018, Gurugram (India), Acquired	Retailer of personal care products for hair skin and sun	$19.2M	72 Ventures, Sauce & 52 others	78/100
2nd	Pilgrim 2019, Mumbai (India), Series B	Online brand offering multi-category natural beauty care products	$50M	Fireside Ventures, Vertex Ventures & 53 others	76/100
3rd	Renee Cosmetics 2019, Ahmedabad (India), Series C	Online retailer of cosmetics, fragrances, skincare, and beauty accessories	$55.2M	Evolvence Equity Partners, Equanimity Investments ... & 28 others	75/100
4th	Honasa Consumer 2016, Gurugram (India), Public	Retailer of beauty and personal care products with digital presence	$126M	Fireside Ventures, Peak XV Partners & 16 others	75/100
5th	mCaffeine 2015, Mumbai (India), Series C	Retailer of caffeinated skin and hair care products	$48.1M	Paragon Partners, RPSG Capital Ventures & 97 others	74/100
6th	Nat Habit 2018, Gurugram (India), Series C	Online platform offering beauty and skincare products	$33.3M	Stride Ventures, Bertelsmann India Investments ... & 30 others	71/100
7th	Beco 2019, Mumbai (India), Series A	Provider of sustainable homecare and personal care products formulated with plant-based ingredients	$13.8M	Rukam Capital, Climate Angels & 68 others	70/100
8th	Be Bodywise 2021, Mumbai (India), Funding Raised	Online brand offering multi-category beauty, health, and wellness products	-	Soonicorn Capital	69/100
9th	Mamaearth 2016, Gurugram (India), Unfunded	Online brand offering toxin-free beauty products	-	-	68/100
10th	FAE Beauty 2019, Mumbai (India), Seed	Online retailer of cosmetic products including makeup and skincare items	$3.71M	Patni Financial Advisors, Titan Capital & 20 others	67/100
31st	Recode Studios 2018, Ludhiana (India), Public	Internet first brand of multi category makeup care products	$493K	VS Park Investment & 14 others	53/100

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RECODE STUDIOS LIMITED, the legal entity associated with Recode Studios, generated between ₹50 Cr and ₹100 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of RECODE STUDIOS LIMITED has a compounded annual growth rate (CAGR) of 67% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	7532	4604	8515	9856	2763
Total Sales	5423	7145	7967	8811	7073
Total Expenses	7888	6584	4753	7328	5568
Operating Expenses	1175	9955	3528	2053	6123
Employee Expenses	5358	4502	2029	4834	4699
Operating Income (EBIT)	4883	2865	9108	6808	3213
Interest Expenses	5088	6637	5720	4539	6075
Expenses from other activities	4253	5505	7834	5653	4591
EBITDA	9155	9849	1094	6304	3505
Taxes	9195	5972	4054	4189	2691
Net Profit	7704	1293	6418	9045	8832
Balance Sheet
Assets	4481	2042	5850	3803	8998
Cash Equivalent	9066	2940	7076	7788	8688
Accounts Receivables	2986	8805	8480	2192	4980
Inventory	2568	3769	4393	2709	7752
Liabilities	2321	8010	6764	2711	5237
Total Debt	4163	9842	7350	7994	1821
Accounts Payable	7414	2906	1523	8472	2706
Equities	9300	8155	4721	9647	7782
Cashflow Statement
Cash from Operating activities	3622	5746	4070	3831	8505
Cash from Investing activities	1415	4129	9747	7863	5266
Net cash from Financing activities	4383	2769	8898	1384	3944