Clensta Enlists JM Financial as Investment Banker for Expansion and Fundraising

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TradeCred-backed personal care brand Clensta has engaged investment banking firm JM Financial to aid in its expansion and fundraising endeavors. JM Financial, based in Mumbai, boasts a track record of advising emerging companies through public listing journeys, including notable names like Honasa Consumer, Ideaforge, and Nykaa.

Clensta, headquartered in Gurugram, recently secured Rs 75 crore in pre-Series B funding from TradeCred, alongside investment from the UAE Royal Family and Actor Parineeti Chopra, among others. The company, supported by TradeCred, has a portfolio of investments across various sectors such as Mensa Brands and Furlenco.

The brand, founded in 2016 by Puneet Gupta, initially introduced a waterless bathing solution and has since raised a total of Rs 105 crore, with contributions from IAN, IAN Fund, IPV, VCats, Hem Securities, IIT Delhi, and US-AID. Clensta has expanded its offerings to include a diverse range of sustainable and affordable wellness, hair care, skincare, eye care, lip care, fragrance, and body care products—all meticulously researched and developed at IIT-Delhi.

“Our tie-up with JM Financials is part of a series of strategic decisions taken by us following Clensta’s association with actor Parineeti Chopra as an investor and hiring Ashish Mishra (ex-Mamaearth, VLCC)) as our co-founder and CBO,” said Puneet Gupta, Founder of Clensta. “We hope to deepen and broaden our omni-channel distribution to include the retail, online, international, and alternate markets while securing large-ticket deals in the institutional and export segments.”

Clensta aims to expand its omnichannel presence and penetrate international markets organically, intending to reinforce its growth trajectory. The company reported a 100% growth in FY23 and anticipates a 150% increase in the coming fiscal year.

“We are on the right trajectory and feel this is a good time to bring in a partner like JM Financials,” added Gupta. “With them coming in, we now look forward to focusing on building our business while continuing to grow under the leadership of Ashish.”

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Clensta Enlists JM Financial as Investment Banker for Expansion and Fundraising

TradeCred-backed personal care brand Clensta has engaged investment banking firm JM Financial to aid in its expansion and fundraising endeavors. JM Financial, based in Mumbai, boasts a track record of advising emerging companies through public listing journeys, including notable names like Honasa Consumer, Ideaforge, and Nykaa.

Clensta, headquartered in Gurugram, recently secured Rs 75 crore in pre-Series B funding from TradeCred, alongside investment from the UAE Royal Family and Actor Parineeti Chopra, among others. The company, supported by TradeCred, has a portfolio of investments across various sectors such as Mensa Brands and Furlenco.

The brand, founded in 2016 by Puneet Gupta, initially introduced a waterless bathing solution and has since raised a total of Rs 105 crore, with contributions from IAN, IAN Fund, IPV, VCats, Hem Securities, IIT Delhi, and US-AID. Clensta has expanded its offerings to include a diverse range of sustainable and affordable wellness, hair care, skincare, eye care, lip care, fragrance, and body care products—all meticulously researched and developed at IIT-Delhi.

“Our tie-up with JM Financials is part of a series of strategic decisions taken by us following Clensta’s association with actor Parineeti Chopra as an investor and hiring Ashish Mishra (ex-Mamaearth, VLCC)) as our co-founder and CBO,” said Puneet Gupta, Founder of Clensta. “We hope to deepen and broaden our omni-channel distribution to include the retail, online, international, and alternate markets while securing large-ticket deals in the institutional and export segments.”

Clensta aims to expand its omnichannel presence and penetrate international markets organically, intending to reinforce its growth trajectory. The company reported a 100% growth in FY23 and anticipates a 150% increase in the coming fiscal year.

“We are on the right trajectory and feel this is a good time to bring in a partner like JM Financials,” added Gupta. “With them coming in, we now look forward to focusing on building our business while continuing to grow under the leadership of Ashish.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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