Private Equity VC Fund Investments
Home hygiene startup Cleevo raises $1-M led by Eternal Capital
Source Cleevo (opens in a new tab)Entrepreneur (opens in a new tab)
Chennai-based Cleevo , operated by Akma Consumers Private Limited, has raised USD 1 million in seed round led by Eternal Capital with participation from Zeca Capital, DeVC India, Utsav Somani (iSeed), Suhail Sameer (OTP Ventures), Sumit Jalan, Ajay Kumar (Action Tesa Group), Alok Mittal (Indifi) and Venture Garage network.The fresh funds will be used by the company for brand building, talent acquisition, increased consumer engagement and awareness.Co-Founded in 2022 by Mayank Jain and Karan Shah, Cleevo is a home cleaning brand which sells in-house non-toxic cleaning products with high-performance.
Company website ↗ (opens in a new tab)
In Oct-23, Cleevo had attracted about USD 5,00,000 from OTP Venture Partners, Avaana Capital, othersFor FY24, Cleevo had reported about INR .21 Cr in Operating Income and about INR 0.3Cr in Net Loss.