Clensta on-boards JM Financial as investment banker; aims to grow 150% in the next Fiscal

Personal care brand Clensta, supported by Parineeti Chopra, has enlisted the expertise of JM Financial, a prominent investment banking firm in India, to spearhead its expansion endeavors. As the appointed investment banker, JM Financial will provide strategic guidance on future fundraising initiatives for the brand.

JM Financial, recognized as one of India's oldest and most esteemed financial institutions, has gained prominence through its involvement in high-profile Initial Public Offerings (IPOs) of contemporary companies like Nykaa, Mamaearth, IdeaForge, and Zaggle.

In a continual effort to bolster its business, Clensta has made significant strides this year, reinforcing its leadership team by bringing on board Ashish Mishra as co-founder and Chief Business Officer (CBO). Parineeti Chopra also joined as a partner and key investor for Clensta. The brand is now poised to leverage an omnichannel strategy, aiming for an optimal category mix. With a robust online and offline presence in the Indian market, Clensta has organically expanded its reach internationally.

Puneet Gupta, Founder of Clensta, stated, "Our tie-up with JM Financial 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. 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. With them coming in, we now look forward to focusing on building our business while continuing to grow under the leadership of Ashish.”

Earlier in the year, Clensta successfully raised INR 75 crore in a Pre-Series B funding round led by TradeCred and co-led by the Royal Family of the UAE, alongside Parineeti Chopra and other investors. Demonstrating impressive growth, Clensta achieved a 100% increase in FY23 and is on track to achieve a 150% growth in the next fiscal year.

About Clensta International Private Limited:

Clensta International Private Limited stands as India’s pioneer in integrating the goodness of nature with technology in the personal care sector. Established in 2016 and headquartered in Gurgaon, the direct-to-consumer brand, founded by Puneet Gupta, commercialized its products in 2019. Clensta revolutionized waterless hygiene technology in India, introducing a range of zero-water personal-care products.

Leveraging robust scientific acumen and R&D capabilities, Clensta has horizontally scaled into a multi-category personal care product line. Each sustainable and highly effective Clensta product undergoes research and development at IIT-Delhi to provide consumers with a superior experience. Market-first natural ingredients and highly effective active ingredients, infused with proprietary technologies like STAR and CRAN, ensure the efficacy of Clensta products.

Having raised funding exceeding 100 crores from notable investors such as TradeCred, the Royal Family of UAE, Parineeti Chopra, and various angel platforms, Clensta is reinvesting in the business to expand its inventory and customer base.

Clensta’s products are presently available on leading platforms like Amazon, Nykaa, and Flipkart, among 20 other marketplaces. The brand also boasts an offline presence across 5000 GT/MT touchpoints in India, with plans to extend its footprint to 50+ cities.

For more information, please visit Clensta's official website.