Total amount raised
$4.2 Million
Latest funding date
11/1/2022
Location
Sanfe has successfully raised funding over four rounds, with the latest being a Series A round. The company is backed by 22 investors, including Yukti Securities and Seeders.
Keep reading to explore the intricacies of Sanfe's fundraising journey and the investors backing this innovative platform.
What Is Sanfe?
Sanfe is a pioneering female hygiene brand based in New Delhi, India. The company specializes in natural personal and period care products, catering to the health care, manufacturing, wellness, and women's industries.
Founded with a mission to provide effective and affordable body care solutions for women, Sanfe has grown to employ between 51-100 people. The brand offers a wide range of products designed to address various skin and body care concerns, including acne, tan removal, hair growth, hair removal, and oral care.
How Much Funding Has Sanfe Raised?
- Series A
- Amount Raised: $1,000,000
- Date: September 2021
- Lead Investors: LVX Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth, including achieving profitability in its online business and expanding its product categories.
- Seed
- Amount Raised: INR 40,000,000 (approx. $540,000)
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and product development.
- Seed
- Amount Raised: INR 80,000,000 (approx. $1,080,000)
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch and initial market penetration of Sanfe's products.
Total Amount Raised: $2,620,000
Current Valuation: Not publicly disclosed
Key Investors
- Yukti Securities
- Details: Yukti Securities participated in the Series A funding round for Sanfe. They are known for their investments in various sectors.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Seeders
- Details: Seeders is an investment firm that provides seed funding to startups. They participated in the Series A funding round for Sanfe.
- Investment Focus Areas: Early-stage startups across various industries
- Notable Investments: Not publicly disclosed
- S.Chand Family Office
- Details: S.Chand Family Office is a private investment office of the S.Chand family. They are known for their investments in various sectors.
- Investment Focus Areas: Education, technology, diverse sectors
- Notable Investments: Not publicly disclosed
- Lets Venture
- Details: Lets Venture is a platform that connects startups with investors. They participated in the Series A2 funding round for Sanfe.
- Investment Focus Areas: Multiple sectors
- Notable Investments: Not publicly disclosed
- Abhay Tandon
- Details: Abhay Tandon is an angel investor who participated in the Series A2 funding round for Sanfe. He is known for his investments in technology and innovative startups.
- Investment Focus Areas: Technology, innovative startups
- Notable Investments: Not publicly disclosed
What's Next for Sanfe?
Sanfe's future looks promising as it plans to expand into the offline market, targeting over 500 salons in metro cities. This move aims to dominate the femcare market and strengthen brand recognition through celebrity partnerships, such as with Radhika Apte. The company is also exploring new product categories in body care, shaving, and hair removal.
With a 240% annual growth rate and profitability in its online business, Sanfe is well-positioned for future fundraising opportunities. The company may attract more investors to support its expansion and product development. However, challenges such as competition from established brands and managing the transition to offline markets could pose hurdles. Ensuring consistent product quality and customer satisfaction will be crucial as Sanfe scales its operations.
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