Total amount raised
$4.2 Millions
Latest funding date
11/1/2022
Location
Sanfe has successfully raised funding to support its mission of providing innovative body care solutions for women. The company offers a diverse range of products, including body wash, body scrub, body lotion, and more.
Keep reading to explore the intricacies of Sanfe's fundraising journey and the investors backing this pioneering brand.
What Is Sanfe?
Sanfe, India's first women's body care brand, offers a diverse range of products designed to address various body care needs. Founded in 2018, the company is headquartered in New Delhi.
Sanfe was established by Archit Agarwal and Harry Sehrawat, who aimed to create innovative solutions for women's body care. Their product line includes body wash, body scrub, body lotion, and more.
With a growing team, Sanfe continues to expand its reach and impact in the body care industry, providing effective and affordable solutions for women across India.
How Much Funding Has Sanfe Raised?
- Seed Round
- Amount Raised: ₹80M
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Seed Round
- Amount Raised: ₹40M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series A
- Amount Raised: $1M
- Date: September 2021
- Lead Investors: LetsVenture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and market expansion.
- Series A2
- Amount Raised: ₹123M
- Date: November 2022
- Lead Investors: S.Chand Family office, Seeders, Lets Venture, Abhay Tandon, Yash Kotak
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enter the offline market and strengthen brand presence.
Total Amount Raised: $2.5M
Current Valuation: Not publicly disclosed
Key Investors
- S.Chand Family Office
- Details: S.Chand Family Office is a private investment entity associated with the S.Chand Group, a leading educational content provider in India. The family office focuses on managing the wealth and investments of the S.Chand family.
- Investment Focus Areas: Education, technology, startups.
- Notable Investments: Not publicly disclosed.
- Seeders
- Details: Seeders is an investment firm that specializes in funding early-stage startups. They aim to support innovative and high-potential ventures.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Not publicly disclosed.
- Lets Venture
- Details: Lets Venture is a platform that connects startups with investors, facilitating funding and growth opportunities. They have a strong network of angel investors and venture capitalists.
- Investment Focus Areas: Early-stage startups, technology, consumer products.
- Notable Investments: Not publicly disclosed.
- Abhay Tandon
- Details: Abhay Tandon is an angel investor with a focus on supporting promising startups. He has a background in technology and entrepreneurship.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Not publicly disclosed.
- Yash Kotak
- Details: Yash Kotak is an individual angel investor known for his involvement in the startup ecosystem. He actively seeks out high-potential ventures to support.
- Investment Focus Areas: Startups, technology, consumer goods.
- Notable Investments: Not publicly disclosed.
What's Next for Sanfe?
Sanfe's future looks promising as it plans to leverage its recent funding to expand into the offline market, targeting over 500 salons in metro cities. This move aims to dominate the femcare market, which remains largely underserved. The company is also focusing on celebrity partnerships to boost brand recognition, with actress Radhika Apte already on board.
With significant growth in its online business, Sanfe is well-positioned for future fundraising opportunities to support its expansion. However, challenges such as competition from established brands and managing the transition from online to offline retail could pose hurdles. Ensuring consistent product quality and customer satisfaction will be crucial as the company scales its operations.
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