Personal and home care products startup Clensta has raised ₹30 million as debt from impact investors Caspian.
The startup plans to use the funds to grow its D2C business and work towards creating innovative and sustainable products.
The Gurgaon-based Clensta was founded in 2016 by Puneet Gupta, since then it has divided its product range into multiple categories like home care (Homsta), skin care (Skinsta), hair care (Hairsta), wellness (Wellsta) and others.
“We are extremely happy to have Caspian on board as our partners in this journey, given their legacy in backing impactful entities. We are confident that we will be able to use these funds to expand our D2C business while continuing our work towards creating social and environmental impact in a responsible, transparent and sustainable manner”, said, Puneet Gupta, Founder and CEO, Clensta.
The IIT Delhi-backed startup aims to reach 5 crore households and reach a revenue of INR 1000 crores with its solutions in 5 years.
Commenting on the partnership, Avishek Gupta MD, Caspian Debt said, “We are pleased to on-board Clensta given how it is at the forefront of creating and championing innovative sustainable products for hygiene and sanitisation of consumers and households. We, at Caspian Debt, are committed to partner with companies who are addressing pressing challenges for building a better world. In the last eight years, we have supported growth journeys of over 200 path breaking companies and are excited to have Clensta join this league”.
Last year, Clensta had raised ₹20 crore in its Series A funding round from Hem Angels, part of Hem Securities Ltd, Venture Catalysts and Inflection Point Ventures.
Backed by science and innovation, they aim to be value creators providing unique propositions to solve the unsolved. Extending across multiple categories of wellness, skincare, hair care, home care, pet care and more, they aim to penetrate households across the globe by providing better choices for consumers.
At Clensta, they believe that the better way is the only way. For every unique need, they endeavour to create equally impressive solutions. Solutions that not only ensure better care, better results & a better experience, but a better outlook towards the environment. The Clensta ecosystem encompasses the Tree of Life with the brand’s innovative sustainable solutions in their entire house of brands.
The idea of sustainability, conservation, and giving back to nature is what Clensta stands for. Everything is interconnected and interrelated. Change is the only constant in life. They envision that for every customer who uses Clensta and trusts us to provide them with innovative solutions for their life.
Their partnership with IIT Delhi allows us to access the best technology, talent, and mentorship. The access to state-of-the-art DSIR – Department of Scientific & Industrial Research, recognised laboratory & equipment has helped us devise intelligent solutions to fulfil the demands of our customers. Their story began with the simple idea of maintaining hygiene for defence personnel and areas with acute water shortages. For this they devised the better way: a solution for waterless body bath and shampoo.
Since then, they’ve been fortunate to have received appreciation from The Honourable President of India, Shri Ram Nath Kovind. The 25 Most Valuable Biotech Companies in India in 2019 and the Top Ten Innovators for the IIT Delhi Alumni Day 2017 are some of the awards and accolades that Clensta has won since its inception.