Pee Safe funding
Hygiene and wellness brand Pee Safe has raised Rs 25 crore in a Pre-Series B round, led by entrepreneur and investor Shaival Desai and existing investor Alkemi Growth Capital.
Pee Safe aims to bridge the market gap in feminine hygiene and sexual wellness. Moreover, they want to accelerate their personal care brand FURR and allocate funds for further R&D and also for product launches next year, the official release stated. Pee Safe is also looking at raising more Series B funding later this year.
Speaking about the new fundraise, Vikas Bagaria, Founder and CEO, Pee Safe, said,
“The funding round will enable us to further research and development, as well as build Pee Safe as a forward-looking brand. We are happy to have Shaival Desai’s support. Alkemi Growth Capital have placed their trust in us once before and even this time, we will ensure that the association is a win-win in all respects.”
Founded in 2013, Pee Safe was founded by Vikas Bagaria and Dheeraj Jain with a Toilet Seat Sanitizer. This was followed by other products addressing feminine and personal hygiene.
Shaival Desai, Entrepreneur and Investor, added, “We are really excited to have partnered with Pee Safe in their journey to become a leader in the personal hygiene space in India. Their domain expertise and knowledge of the Indian consumer, coupled with an underpenetrated market create an unparalleled opportunity to take the market by storm.”
The startup’s other offerings include eco-friendly sanitary napkins, organic cotton tampons, menstrual cups, panty liners, breast pads, natural intimate washes, wipes, and sweat pads for both men and women, and anti-pollution dust masks.
Pee Safe aims to change the narrative around sexual wellness and pleasure through the launch of Domina Female Condoms. It also plans to launch other sexual wellness products shortly. Its recently launched FURR range offers an entire portfolio of grooming and skincare essentials, aimed at promoting body positivity and even gender neutrality to a large extent.
Alka Goel, Founding Partner, Alkemi Growth Capital, and Existing Investor, said, “Pee Safe and its sub-brands Domina and FURR has continued to grow alongside the creative, innovative, and much-needed products for its target segment. The team is agile and is closely connected with its customer base that truly loves its products.
Pee Safe has demonstrated boldness in challenging long-held stereotypes and to that extent is making it fun and normal to talk about topics that may previously have been taboo.”
The startup claims to have witnessed a surge in its online business with a 40 percent jump in the current quarter and the brand has achieved over 70 percent growth annually (FY20-21). It also expanded overseas and is building local production of toilet seat sanitizers in Europe.
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