Startup Funding Alert: 23rd October 2019

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Pee Safe raises Rs 30 crore from Alkemi Growth Capital

Pee Safe has raised Rs 30 crore in its series A financing round led by health & wellness focussed fund Alkemi Growth Capital. The hygiene & wellness brand plans to utilize the fresh funds to strengthen its R&D, product development, and expand its distribution. The company aims to help tackle India’s health issues that are brought on by unhygienic conditions that foster diseases. The firm claims to have disrupted women’s hygiene products’ part by introducing environment-friendly products in the past 2.5 years. 

Pee Safe’s first-ever product was a toilet seat sanitizer, which still is its bestselling item. Pee Safe, founded in 2013 by Vikas Bagaria and Dheeraj Jain, offers eco-friendly sanitary napkins, organic cotton tampons, menstrual cups, panty liners, breast pads, natural intimate washes, wipes and unisex sweat Pads, and anti-pollution dust masks.

 

Shiksha Financial Services raises Rs 30 crore funding from Northern Arc Capital and Triodos

Chennai-based education finance company Shiksha Financial Services raised investment worth Rs 30 crore from Northern Arc capital, a debt platform for financial inclusion focused institutions, and Netherland’s Triodos Investment Management on Non-Convertible Debentures issued by the company. The firm intends to utilize the freshly raised funding for growing its loan portfolio, to extend presence in South India and expand to new states such as MP, Gujarat, and Rajasthan. Shiksha offers business loans to educational institutes and education loans to parents.

Shiksha, founded in 2014 by VL Ramakrishnan and Jacob Abraham, offers business loans to educational institutes for their working capital needs, to purchase new assets, and to create new infra. The firm is currently operational in five states in South India and is serving over 2,000 schools and more than 2.2 million students. 

 

Blume Ventures invests $2 million in fashion rental startup Stage3

Fashion rental startup Stage3 has raised $2 million as a part of its pre-Series A financing round from Blume Ventures. The platforms plan to use the funding to amplify the brand experience, boost its offline footprint, and expand its data capabilities. The firm plans to collaborate with various prominent celebrities, influencers, and designers in the upcoming year. 

The Delhi-based startup, founded by Sabena Puri, Sanchit Baweja, and Rina Dhaka in 2016, focusses on providing the fashion-forward millenials affordable access to on-trend, glamourous fashionable apparels through rentals and sales. The company follows a two-pronged approach, first, by making expensive designer wear available through their rental business model at a fraction of the MRP and second, by simultaneously selling capsule collections of ‘elevated basics’ through its homegrown brand Alaya.  

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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