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Friday, November 22, 2024

Clensta raises Rs 75 crore in funding round led by Tradecred, UAE Royal Family

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Gurugram-based Clensta International, a direct-to-consumer personal care brand has raised Rs 75 crore ($9.2 million) in a series B funding round led by Tradecred and Royal Family of the UAE.

Clensta raises Rs 75 crore in funding round led by Tradecred, UAE Royal Family – Clensta International

Ex-Im Bank of India, Mumbai Angels, Keiretsu, Lets Venture, and O2 VC Fund also participated in the funding round.

Clensta will utilise the funds to scale up operations and omnichannel expansion across the country.

Commenting on the funding, Puneet Gupta, founder CEO of Clensta in a statement said, “The round of funding will now enable us to scale up operations, strengthen brand awareness nationally, and fortify our marketing and distribution efforts across geographies, both online and offline.”

His Highness Shaikh Mohammad Ibrahim Abdulaziz Bin Ibrahim Almualla of the Royal family from UAE added, “Clensta’s progress showcases a realistic growth trajectory in the competitive personal care industry. We hope that through our association, Clensta will get that push to expand their global footprint and introduce their revolutionary products to consumers across the world.”

Launched in 2016, Clensta offers personal care products like body baths, shampoos, perfumes, body lotions, lip balms, and face scrubs among others.

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