IIT Delhi Shareholding Startup Clensta Raises Funds from IAN and IAN Fund
Delhi-based Clensta, which is a biotechnology startup having shareholding with IIT-Delhi, has raised an undisclosed amount of seed funding from Indian Angel Network (IAN) and its maiden VC Fund, IAN Fund, led by IAN members – Rishabh Mehta, Founder & CEO LOCAD Pte Ltd., Pradeep Gupta, Co-Founder IAN, Anirudh Agarwal and Sajiv Dhawan. Rishabh Mehta will be taking the board seat in the startup.
Other investors who participated in this round include Ajai Chowdhry, Co-founder HCL, Arvind Singal, Founder & MD of Technopak Advisors, Bikky Khosla, CEO of Trade India, Chairman of ASSOCHAM, Jaideep Mehta, CEO of VCCircle, Raman Roy, Chairman of NASSCOM, and Anand Ladsariya, Founder of Everest Flavours.
Founded in 2016, by IIM Calcutta alumnus Dr. Puneet Gupta, Clensta provides waterless personal hygiene space hygiene solutions and other innovative products. The company envisions at providing innovative and easy solutions for day to day health and hygiene related problems while aiming to reduce the ever increasing problem of water shortage.
Currently offering its producs in B2B segment, the funds raised will be utlized by Clensta to launch its products in the B2C space and develop newer products in the personal hygiene category.
By introducing its so called “Waterless Technology”, the startup claims to have saved nearly 6 million litres of water in a short span of time.
Also Read – Manipal Student Wins Prize for Designing Waterless, Odourless Loo for Railways
All products by Clensta are specially designed “for India” and “in India”, and are alcohol, SLS & Gluten free. The producs adhere to all guidelines provided by the Bureau of Indian Standards (BIS) & Food & Drug Administration (FDA).
Clensta, which is housed at the Biotechnology Business Incubation Facility at IIT-Delhi, is already offering its
products through Government E-Marketplace (GeM), which in turn are being supplied both to government and private hospitals and have also been considered to be patronized for Indian Defense and Paramilitary Forces.
The company also has its additional office in The Hague, the Netherlands.
Dr Puneet Gupta, founder & CEO, Clensta International, said in a statement to Economic Times, “We endeavour to bring science and technology to introduce advanced personal hygiene products which can improve existing standards of Personal Hygiene and hence address a huge unaddressed market of close to Rs 11000 crore. Apart from the monetary benefit from this funding, IAN also brings aboard a wide range of experience as well as opportunities from its Individual Investors which we believe will ensure Clensta’s exponential growth.”
Source: IndianWeb2
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