Feminine care brand Plush raises Rs 40 Cr in growth round
Here’s a summary of the information provided regarding the funding round for the startup Plush:
Company Overview
- Startup: Plush
- Founded: 2019
- Location: Chennai, India
- Focus: Feminine care products, including period care, hair removal, intimate wellness, and skincare solutions.
Funding Details
-
Recent Funding Round:
- Amount Raised: ₹40 crore
- Date: Not specified (latest update)
- Lead Investor: Rahul Garg
- Participants:
- Blume Founders Fund
- OTP Ventures
- Careernet
- Patni Family Office
- Sumit Jalan
- Ajay Kumar Aggarwal
- Others
- Previous Funding Round (Series B):
- Amount Raised: ₹30.56 crore (approximately $3.6 million)
- Lead Investor: Rahul Garg
- Participants:
- Ajay Kumar Aggarwal (invested ₹6 crore)
- Careernet Technologies (invested ₹5 crore)
- OTP Ventures (invested ₹3 crore)
- Blume Ventures (invested ₹4 crore)
- Additional investors include Rahul Garg, Sumit Jalan, Blue Ashva Varenya Fund, Rahul Kayan, and others.
Financial Overview
- Post-Allotment Valuation: Approximately ₹281 crore (around $33 million).
- Pre-Funding ARR: ₹100 crore with EBITDA-level profitability.
- Target ARR: ₹200 crore in the next phase of growth.
- Recent Revenue Growth: 84% year-on-year, with ₹28.87 crore reported in FY ending March 2024.
- Projected Revenue for FY25: ₹60 crore.
Market Expansion Plans
- Current Store Presence: 500 stores across major Indian cities (Bengaluru, Chennai, Mumbai, Delhi, Hyderabad).
- Future Store Expansion: Targeting to reach 2,000 stores in the next six months.
Summary
Plush has made significant strides in the feminine care market and is backed by a variety of investors for its ongoing growth and expansion strategies.
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2025-06-03 06:07:54