Total amount raised
$15.3 Million
Latest funding date
7/1/2023
Location
Clensta has successfully raised funding over seven rounds, with the latest being a Series B round involving eight investors, including TradeCred as a lead investor. The company is backed by a total of 28 investors, with notable names such as Parineeti Chopra and Keiretsu Capital.
Keep reading to explore the intricacies of Clensta's fundraising journey and the investors backing this innovative platform.
What Is Clensta?
Clensta is a direct-to-consumer (D2C) personal and home care startup based in New Delhi, India. The company operates in industries such as Biotechnology, Health Care, Sustainability, and Wellness, and employs between 51-100 people.
Founded with a mission to develop complete cleaning solutions, Clensta leverages advanced technologies and natural ingredients to offer innovative products for skin, hair, home, and wellness. The company is known for its proprietary technologies like STAR and CRAN, which enhance the effectiveness of their offerings.
How Much Funding Has Clensta Raised?
- Seed Round (2017-12-11)
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial product development and market entry.
- Seed Round (2018-10-25)
- Amount Raised: Not publicly disclosed
- Date: October 2018
- Lead Investors: IAN Fund, IAN Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Further product development and scaling initial operations.
- Debt Financing (2021-05-26)
- Amount Raised: INR 50,000,000
- Date: May 2021
- Lead Investors: N+1 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Series A (2021-12-09)
- Amount Raised: INR 200,000,000
- Date: December 2021
- Lead Investors: HEM ANGELS, Inflection Point Ventures, Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scaling operations and expanding the business.
- Debt Financing (2022-07-13)
- Amount Raised: INR 30,000,000
- Date: July 2022
- Lead Investors: Caspian Debt
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Series B (2023-07-10)
- Amount Raised: INR 750,000,000
- Date: July 2023
- Lead Investors: TradeCred
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations, strengthen brand awareness, and enhance marketing and distribution efforts.
- Debt Financing (2023-07-10)
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
Total Amount Raised: Not publicly disclosed
Current Valuation: Not publicly disclosed
Key Investors
- TradeCred
- Details: TradeCred is a financial services company that specializes in trade finance and receivables financing. It allows investors to invest in trade receivables and invoice discounting.
- Investment Focus Areas: Trade finance, receivables financing.
- Notable Investments: Primarily involved in trade receivables and invoice discounting.
- Royal Family of the UAE
- Details: The Royal Family of the UAE, represented by His Highness Shaikh Mohammad Ibrahim Abdulaziz Bin Ibrahim Almualla, is known for their significant investments in various sectors globally.
- Investment Focus Areas: Technology, real estate, healthcare.
- Notable Investments: Various high-profile investments in technology and infrastructure projects.
- Export-Import Bank of India (EXIM Bank)
- Details: EXIM Bank is a government financial institution that provides financial assistance to exporters and importers. It supports Indian businesses in international trade.
- Investment Focus Areas: Export credit, project finance, investment banking.
- Notable Investments: Various projects in infrastructure, manufacturing, and services sectors.
- Mumbai Angels
- Details: Mumbai Angels is a network of angel investors that invests in early-stage startups. It provides capital to high-growth potential startups across various sectors.
- Investment Focus Areas: Technology, consumer products, healthcare, education.
- Notable Investments: InCred, Purplle, Fynd.
- Keiretsu
- Details: Keiretsu is a global investment network of accredited private equity angel investors, venture capitalists, and corporate/institutional investors. It focuses on early to mid-stage startups.
- Investment Focus Areas: Technology, healthcare, consumer products, real estate.
- Notable Investments: Various early to mid-stage startups across different sectors.
What's Next for Clensta?
Clensta stands at the cusp of significant growth opportunities, driven by its innovative blend of nature and technology. The company plans to expand its footprint to over 50 cities, leveraging its recent Rs 75 crore funding round to enhance product innovation, leadership development, and performance-driven marketing. The Indian beauty and personal care market, projected to reach $28 billion by 2030, offers a vast landscape for Clensta to scale its operations and strengthen brand awareness.
Future fundraising appears promising, with the potential for additional rounds to support Clensta's ambitious growth plans. The involvement of high-profile investors and the company's unique selling proposition may attract further investments, enabling Clensta to continue its upward trajectory. However, the journey is not without challenges. Navigating a competitive market, maintaining product quality, and effectively utilizing funds for growth and innovation will be critical for Clensta's sustained success.
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