Clensta, a personal care brand backed by Parineeti Chopra, has engaged JM Financial, a prominent investment banking firm in India, to serve as its investment banker for driving its expansion initiatives. Recognized for its involvement in noteworthy IPOs of modern companies like Nykaa, Mamaearth, IdeaForge, and Zaggle, JM Financial will provide strategic guidance on Clensta’s future fundraising endeavors.
In a year marked by sustained growth, Clensta has strengthened its leadership by welcoming Ashish Mishra as a co-founder and Chief Business Officer, complementing Parineeti Chopra’s role as a partner and key investor. The brand is strategically adopting an omnichannel approach to optimize its category mix. Having already established a robust online and offline presence in the Indian market, Clensta has organically expanded its footprint internationally.
Puneet Gupta, Founder of Clensta said, “Our collaboration with JM Financial is part of a series of strategic moves, aligning with Clensta’s association with actor Parineeti Chopra and the appointment of Ashish Mishra as our co-founder and CBO. We aim to enhance our omnichannel distribution, encompassing retail, online, international, and alternate markets, while pursuing significant deals in institutional and export segments. With JM Financial onboard, we look forward to concentrating on business development under the leadership of Ashish.”
In a previous milestone this year, Clensta secured a successful Pre-Series B funding round, raising INR 75 crore. The round was led by TradeCred, co-led by the Royal Family of the UAE, and included participation from investors such as Parineeti Chopra. Illustrating remarkable growth, Clensta recorded a 100 percent increase in FY23 and foresees an additional 150 percent growth in the forthcoming fiscal year.
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