Pee Safe raises INR 30 crore in Series A Funding Round
Pee Safe- India’s leading personal hygiene brand that is helping India to fight against India’s health issue brought on by unhygienic conditions raised INR 30 crore in Series A funding round. The company received fund from Alkemi growth capital.
The company had previously raised USD 2 million in June 2017 and January 2018. The investment obtained earlier and recently will be used for enhancing the research & development area and for widening product distribution, along with development.
The company had previously raised USD 2 million in June 2017 and January 2018. The investment obtained earlier and recently will be used for enhancing the research & development area and for widening product distribution, along with development.
“Apart from helping with product development and other aspects, the capital infusion will help us support our talents needs in areas such as sales, marketing and finance,” said Vikas Bagaria, Founder, Pee Safe.
The company offers products such as toilet seat sanitizer, sanitary napkins and anti-pollution mask. Along with the range of product portfolio, it is planning to augment the distribution rate nationally and expand the stretch in international markets. Currently the company’s manpower is said to be 100 on head count and the growth plan also includes enhancing the workforce by hiring 20 more employees by end the year.
"Our products are available in more than 40 cities in India, and we are working on further expanding our presence. We are also supplying to markets like countries in the Middle East, Nepal next fiscal, we will look at expanding to America and European countries," Vikas said.
He further added “We have been witnessing a strong growth in sales, from INR 2cr in 2018 to INR 6cr in 2019. For this financial year, we expect to continue the momentum and clock two to three times growth.”
The company offers products such as toilet seat sanitizer, sanitary napkins and anti-pollution mask. Along with the range of product portfolio, it is planning to augment the distribution rate nationally and expand the stretch in international markets. Currently the company’s manpower is said to be 100 on head count and the growth plan also includes enhancing the workforce by hiring 20 more employees by end the year.
"Our products are available in more than 40 cities in India, and we are working on further expanding our presence. We are also supplying to markets like countries in the Middle East, Nepal next fiscal, we will look at expanding to America and European countries," Vikas said.
He further added “We have been witnessing a strong growth in sales, from INR 2cr in 2018 to INR 6cr in 2019. For this financial year, we expect to continue the momentum and clock two to three times growth.”