Personal Care Startup Clensta Raises Rs 75 Crore In Funding From Parineeti Chopra, Others
07/11/23, 5:39 AM
Location
gurugramMoney raised
₹750 million
Industry
commerce and shopping
Direct-to-consumer personal care brand Clensta International has raised Rs 75 crore in its pre-Series funding, led by TradeCred and the Royal Family of the UAE, a top company executive told ET.The executive added that the Export-Import Bank of India (EXIM Bank), Mumbai Angels, Keiretsu, LetsVenture and O2 VC Fund were among the investors who took part in the funding round. The funding includes a mix of debt and equity."Funds will be used for product innovation and development, leadership team development, and performance-driven marketing," said Puneet Gupta, founder and CEO, Clensta.According to Gupta, the company's net revenue in FY23 was Rs 35 crore, while its gross merchandise value (GMV) was Rs 100 crore. GMV is a metric that measures the total sales of a company over a specific period.The funding round also saw participation from actor Parineeti Chopra, who has joined the company as an investor, partner and brand ambassador. Clensta has raised Rs 105 crore since its launch in 2016 with support from the IAN & IAN Fund, IPV, VCats, Hem Securities, IIT Delhi and US-AID.Powered ByVideo Player is loading.Play VideoPauseSkip BackwardUnmuteCurrent Time 0:00/Duration 50:01Loaded: 0.17%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -50:01 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window
Company Info
Location
gurugram, haryana, india
Additional Info
Every journey is determined by choices. Each choice we make leads us down a different path. At Clensta, we aim to break the norm of taking the path well-travelled and strive to carve out our own. Backed by science and innovation we aim to be value creators providing unique propositions to solve the unsolved.
Extending across multiple categories of skincare, haircare, bodycare, wellness, fragrance and more, we aim to penetrate households across the globe by providing better choices for our consumers.
At Clensta, we believe that the better way is the only way. For every unique need, we endeavour to create equally unique solutions; Solutions that not only ensure better care, better results & a better experience, but a better outlook towards the environment as well.
Join us in our journey of constantly seeking the better way!