Sun. Apr 21st, 2024
snapdeal kunal bahl

Gurugram-based female organic wellness startup Azah has raised an undisclosed amount of pre-series A funding from Titan Capital, an investment set up by Snapdeal Co-Founders Rohit Bansal and Kunal Bahl. The round also saw participation from Angel List India and other High Networth Individuals (HNIs), as reported by Inc42.

The latest funding will be used to expand to new tier 2 and tier 3 geographies while developing new products.

Aqib Mohammed, Co-Founder of Azah, said, “A good portion of the funding will go into research and development of these new products, while also helping us carry out further innovation in our current product line. We’ll also use the funding to expand our reach to newer demographics while exploring alternative channels to drive growth and acquisition. We plan to double our monthly revenue by the end of next quarter.”

Founded by Shashwat Diesh and Aqib Mohammed in November 2018, Azah offers organic sanitary pads for women in order to provide a safer, organic, chemical-free and eco-friendly alternative to women. The startup has established a robust presence across India with a strong customer base in states like Arunachal Pradesh and Tripura. It also claims to grow at a rate of 30% month-on-month while generating more than half of its revenue from repeat customers.

Titan Capital has raised more than $4 billion from over 100 institutional investors, sovereign wealth funds and family offices. It has over 70 companies in its portfolio across India and US. Some of the prominent Indian startups in its portfolio include agritech startup AgroStar, craft beer brand Bira91, Men’s grooming brand Beardo, online fashion brand Bewakoof, cab aggregator Ola and home services marketplace UrbanClap, among many others.

By Varun

Startups | Books | Ideas

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