Hygiene and wellness startup Pee Secure has raised Rs 25 crore in Pre-Collection B funding in a spherical led by entrepreneur and investor Shaival Desai and present Collection A investor Alkemi Progress Capital.
By way of this increase, Pee Secure goals to construct depth in female hygiene and sexual wellness, and speed up its private care model FURR in addition to allocate funds for additional R&D and product launches within the subsequent one 12 months. The model can be elevating Collection B funding later this 12 months.
“The funding spherical will allow us to additional analysis and construct Pee Secure as a forward-looking model,” mentioned Vikas Bagaria, Founder and CEO, Pee Secure.
The startup’s on-line enterprise has seen a 40 per cent leap within the present quarter and achieved over 70 per cent progress yearly (FY20-21). Pee Secure is increasing its retail presence from the present 10,000 shops to having a couple of franchise owned model unique shops to reinforce buyer expertise throughout India. They’ve already expanded abroad and are constructing a manufacturing unit for sanitizers in Europe.
“Pee Secure has demonstrated boldness in difficult long-held stereotypes and to that extent is making it enjoyable and regular to speak about matters that will beforehand have been taboo,” mentioned Alka Goel, Founding Associate, Alkemi Progress Capital.