Clensta, an IIT Delhi-backed startup providing personal care and home care solutions, received Rs 5 crore as funding from N+1 Capital. This is the first investment by N+1 Capital after it received approval from Sebi for its first investment debt fund for deployment in India. Clensta will use the funds for scaling up upcoming products in the Homecare category. The company recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo. Puneet Gupta, CEO & Founder, Clensta International stated, “We have a strong B2B2C presence with 500-plus hospitals and 25,000-plus retail outlets, including pharmacies. As our business now seeks to penetrate the D2C channels as well, this debt fund helps us grow further and reach out to consumers faster. It also allows us to expand both, offline and online, covering all important aspects of the sales channel. It’s a great opportunity that venture capitalist firms like
[Funding alert] IIT Delhi-backed personal care startup Clensta raises Rs 5Cr from N+1 Capital
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Clensta raises ₹ 50 million via NCD from N+1 capital
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