Nexus is happy to announce that one of its portfolio companies, Delhi-headquartered Clensta, has raised a pre-series A investment at a valuation of Rs. 25 crores ($4 Million) from Indian and Netherlands based investors to scale up their business development efforts as well as continue their ongoing research in related products.
Clensta is a Nexus supported Indian startup with a research partnership with IIT Delhi. Clensta focuses on solving personal hygiene concerns through its focus on innovation and research. Their first products are a waterless shampoo and waterless bodywash.
Dr. Puneet Gupta, founder of Clensta International, is an alumnus of IIM Calcutta and is an expert in the fields of imaging and healthcare. He is globally recognized for his contributions to scientific and international military programs through his work at DRDO and Ministry of Defense.
The team consists of other notable alumni from the best institutes of India, Dr. Ashish Pandey (IIT Delhi), Mohit Chelani (IIM-Calcutta), Dr. Anurag Rathore (IIT Delhi), and Dr. V.M Chariar (IIT Delhi).
Clensta was part of the Nexus pre-incubation program, an intensive 10 week business mentoring program to help startups to successfully enter the market and scale up their businesses. The startup was one of 15 companies selected out of over 110 applicants to participate in the Nexus incubation program in New Delhi. They were also one of four companies selected for the long-term incubation at Nexus.
Nexus is accepting applications for its 3rd cohort starting from January 26th. To find out more, go to startupnexus.net/incubator.