Gurugram-based women health-care startup Azah on Wednesday announced it’s elevated an undisclosed amount in a pre-Series A financial backing round offered by Snapdeal founders Kunal Bahl and Rohit Bansal, AngelList India, along with a couple of additional HNIs. The lead funding originated from Titan Capital, a VC-arm run by Rohit and Kunal.
Azah stated it plans to make use of the procured funds to improve the production, launch new items, and grow sales operations in Tier II & III cities.
He added that the business will even make use of the funding to grow it reaches to newer demographics while exploring alternative routes to generate acquisition and growth. Azah plans to double its monthly revenue by the end of the coming quarter, he mentioned.
Co-founded by younger entrepreneurs Shashwat Diesh and Aqib Mohammed in 2018, Azah is designed to be a one-stop for high-quality women hygiene products in India. The startup claims to possess been increasing at a speed of 30% month-on-month, with over 50% of its revenue coming straight from repeat customers.
Due to improving customer awareness around menstrual hygiene, many people have started demanding far better products, and more recent homegrown makes have stood up well to the task of fulfilling
this demand and that is where Azah comes up,” said Shashwat Diesh, Co-founder, Azah.
With access extending to 4000+ pin-codes in India, Azah stated it becomes regular orders through the Northeastern states such as Arunachal Pradesh and Tripura.
Before this, Azah had elevated seed financial backing of $200,000 using the number of angel investors to grow the company & optimize its supply chain management. Prakhar Agarwal, Investments Lead, AngelList India, stated, “The founders have accomplished a fantastic job of creating a brand which resonates with the customers, and I count on the latest products they plan to add to the offerings with this particular round of financing.”
In another development, JobSquare, recruitment platform, has additionally announced it’s increased funding of Rs 1 crore offered by Titan Capital. JobSquare said the Rs 1 crore buy from Titan Capital is going to take the entire investment received so much to Rs 3 crore.
This July, New Delhi based e-commerce company Snapdeal secured an undisclosed quantity of financial backing offered by Anand Piramal, Executive Director of the Piramal Group. This funding has been created by Anand in his personal capability, the company had reported in a report.