Total amount raised
$15.3 Millions
Latest funding date
7/1/2023
Location
Clensta has successfully raised funds through multiple rounds, attracting a diverse group of investors including 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, founded in 2016 by Puneet Gupta, is a biotechnology start-up based in New Delhi, India. The company focuses on creating innovative personal and home care products that promote hygiene without the need for water.
With a team of 51-100 employees, Clensta is dedicated to improving national hygiene conditions and water conservation through its unique product offerings. The company is associated with IIT Delhi, leveraging advanced research to develop its solutions.
Clensta's product range includes skin care, hair care, body care, and wellness products, all designed to be cruelty-free, SLS-free, and paraben-free. Their mission is to provide better care through superior technology and natural ingredients.
How Much Funding Has Clensta Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 11, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to develop and launch the first set of products.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 25, 2018
- Lead Investors: IAN Fund, IAN Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and increase market reach.
- Debt Financing
- Amount Raised: ₹50M
- Date: May 26, 2021
- Lead Investors: N+1 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and product development.
- Series A
- Amount Raised: ₹200M
- Date: December 9, 2021
- Lead Investors: HEM ANGELS, Inflection Point Ventures, Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product innovation.
- Seed Round
- Amount Raised: $2.5M
- Date: December 9, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further product development and market expansion.
- Debt Financing
- Amount Raised: ₹30M
- Date: July 13, 2022
- Lead Investors: Caspian Debt
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: July 10, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain liquidity and support business operations.
- Series B
- Amount Raised: ₹750M
- Date: July 10, 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.
Total Amount Raised: ₹1,030M
Current Valuation: Not publicly disclosed
Key Investors
- TradeCred
- Details: TradeCred is a leading platform that provides working capital solutions to businesses. They focus on innovative and science-backed products that combine nature and technology.
- Investment Focus Areas: Trade finance, working capital solutions.
- Notable Investments: Not publicly disclosed.
- Keiretsu
- Details: Keiretsu is a global network of accredited private equity angel investors, venture capitalists, and corporate/institutional investors. They have a broad investment portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Mumbai Angels
- Details: Mumbai Angels is a network of angel investors that invests in early-stage startups. They are known for supporting high-growth potential companies.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Not publicly disclosed.
- LetsVenture
- Details: LetsVenture is an online platform that connects startups with investors. They facilitate funding for early-stage startups.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Not publicly disclosed.
- Parineeti Chopra
- Details: Parineeti Chopra is a Bollywood actress who has joined Clensta as an investor, partner, and brand ambassador. This marks her first investment in the startup ecosystem.
- Investment Focus Areas: Personal care, home care sectors.
- Notable Investments: Clensta.
What's Next for Clensta?
Clensta stands at the cusp of significant growth opportunities, driven by its innovative approach of combining nature and technology. With the recent Rs 75 crore funding round, the company is poised to scale operations, enhance brand awareness, and expand its footprint to over 50 cities. The Indian beauty and personal care market, projected to reach $28 billion by 2030, offers a vast landscape for Clensta to tap into, leveraging its proprietary technologies and patents developed at IIT-Delhi.
Future fundraising opportunities appear promising, given the positive investor sentiment and the involvement of high-profile backers like TradeCred and the UAE Royal Family. Clensta's focus on product innovation, performance-driven marketing, and leadership team development positions it well for attracting further investments. However, the company must navigate challenges such as intense competition, maintaining product quality while scaling, and managing regulatory requirements across different markets.
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