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Clensta, a Gurgaon-based personal and home care product maker has raised Rs 30 million in debt funding from Caspian Impact Investments.
In addition to this, Clensta had also raised ₹20 crores in funding from Hem Angels, part of Hem Securities, Venture Catalysts, and Inflection Point Ventures in the Series A funding round last year.
Clensta plans to use these funds to scale its D2C business and work towards creating innovative and sustainable products.
Commenting on the investment in Clensta, Avishek Gupta MD, Caspian Debt said, “We are pleased to onboard Clensta given how it is at the forefront of creating and championing innovative sustainable products for hygiene and sanitization of consumers and households.”
“We, at Caspian Debt, are committed to partnering 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,” he said.
Speaking on the funding round, Puneet Gupta, Founder of Clensta said, “We aim to touch 5 crore households with our solutions in 5 years, thereby reaching revenue of ₹ 1,000 crores. 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,” he further added.