Clensta, a Gurgaon-based new-age start-up focusing on personal and home care products has raised ₹30 million as debt from impact investors Caspian. In addition to this, Clensta had also raised ₹20 crore funding from Hem Angels, part of Hem Securities Ltd, Venture Catalysts and Inflection Point Ventures in the Series A funding round last year. Caspian Debt is the first Indian Impact Investing firm to be granted a B Corp certification. Caspian ensures to only invest in enterprises that address problems of access and efficiency in business ecosystems that have a positive social or environmental impact.
During the last 20 years, consumer attention and emphasis on ESG has massively shot up, compelling brands to integrate ESG as part of their business offerings. According to a recent study (PWC Consumer Intelligence Series, June 2, 2021), 83 percent of consumers believe businesses should actively create ESG best practices, and consumer demand for ESG products and services is already becoming mainstream. As a conscious, ESG driven brand, Clensta, has secured ₹30 million as debt from Caspian Debt and it plans to use these funds to scale their D2C business and work towards creating innovative and sustainable products.
Commenting on the partnership, Avishek Gupta MD, Caspian Debt said, “We are pleased to on-board Clensta given how it is at the forefront of creating and championing innovative sustainable products for hygiene and sanitisation of consumers and households. We, at Caspian Debt, are committed to partner with companies who are addressing pressing challenges for building a better world. In the last eight years, we have supported growth journeys of over 200 path breaking companies and are excited to have Clensta join this league”.