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Cleevo Secures $1 Million in Seed Round Led by Eternal Capital with Participation from VG-Angels New Delhi, May 30, 2025 – Venture Garage is proud to announce that its portfolio company Cleevo, a home hygiene startup focused on sustainable cleaning solutions, has successfully raised $1 …
Dusaan is revolutionizing home & living retail by curating a design-first, tech-enabled marketplace that offers a seamless shopping experience for furniture, decor, kitchenware, and small appliances.
By leveraging curation, quality control, and fast fulfillment, Dusaan eliminates inefficiencies in the fragmented home goods market, providing handpicked, high-quality products at scale. Unlike traditional e-commerce platforms that operate on open listings, Dusaan curates high-quality products, ensures stringent quality control, and enables faster fulfillment, solving inefficiencies in the highly fragmented home goods sector.
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Consumer Brand | Ecommerce
www.dusaan.com
Gurguram
Early
TThe home & living industry in India is a $40B+ market with:
– $20B in furniture
-$10B in furnishings
-$5B in small appliances
-$3B in decor
-$2B in kitchenware
Despite strong demand, the market remains highly unorganized, with low brand loyalty, excessive open listings, and a 20%+ return rate due to poor quality control. Dusaan solves these challenges by offering a curated, high-trust platform for both established brands and emerging sellers.
Opportunity
Previously a venture investor at Sequoia Capital where she partnered with companies such as Whole Truth Foods, Mosaic Wellness, Minimalist, Pristyn Care}. Prior to that, She was a consultant at McKinsey & Company India where she had a distinctive Rated and 1.5 yr fast-track to Associate. She is an SRCC alumnus.
She has experience at a vertically integrated home appliances and steel manufacturing family business{Super LPG Appliances, supplier to HPCL, BPCL, Kaff, Faber}. She was previously a growth investor at Sequoia Capital India and worked with companies such as Wakefit, One Card. She has also spent time as a consultant at Kearney. Moulshree is a LSE (MSc Finance) graduate and SRCC alumnus.
At Cleevo, we are redefining home hygiene with high-performance, non-toxic cleaning products that eliminate unnecessary plastic waste and reduce shipping emissions.
Traditional cleaners contain up to 90% water, leading to excessive plastic use and inflated logistics costs. Our ready-to-mix formulations, made from plant-based ingredients, provide a superior clean while minimizing environmental impact.
Consumer Brand
www.getcleevo.com
Bengaluru
Early
India’s home hygiene market is valued at $6 billion, with <5% online penetration due to high shipping costs for traditional liquid-based products. Rising consumer demand for non-toxic and sustainable alternatives is driving rapid adoption, and we are uniquely positioned as an affordable, high-efficacy, and sustainable brand in a market dominated by legacy players and overpriced eco brands.
Opportunity
A 2x founder with a successful exit from the previous venture, Mayank, started his career with a business development role for Housing.com. after completing his MBA from IBS Hyderabad.
Supply chain and operations expert with a Master’s from Singapore Management University.
We’re thrilled to announce that Maxvolt Energy has reached a significant milestone in its journey toward growth and innovation. With the filing of our DRHP, we’re one step closer to realizing our vision of providing sustainable and cutting-edge energy solutions. This accomplishment is a testament …
VG-angels celebrates a 10X+ exit in their Portfolio Company “The Health Factory” highlighting Venture Garage’s role in building enterprise journeys from speculative phases to the growth phase
Gurugram, 25 October 2024: VG-Angels, an angel network of Venture Garage, has achieved a significant milestone with a remarkable 10X+ return on their 2022 investment in The Health Factory (THF), an innovative health-focused bread brand. This successful exit comes on the heels of THF raising $3.5 million in Seed funding, led by Peak XV’s Surge, further emphasizing the brand’s rapid growth trajectory and the rising market demand for healthier, innovative food products.
Prior to this Seed round, The Health Factory had raised INR 2.5 crore from marquee investors via VG-Angels in 2022 that included Vikas Nahar- Founder of Happilo. The combination of this early investment and the company’s recent fundraising underscores the strong investor confidence in THF’s vision and market potential.
Founded in 2018 by Vinay Maheshwari, Mohit Sankhala, and renowned bakery expert Jos Vast, The Health Factory has revolutionized the bread industry with its range of innovative offerings, including India’s first Protein Bread and Vegan Protein Bread. The brand has also earned a strong reputation for its zero-maida bread, with all products being chemical- and preservative-free. These products are available in major cities such as Mumbai, Pune, Bangalore, and Delhi through quick commerce platforms like Zepto, Swiggy Instamart, and BlinkIt.
The Health Factory has recently expanded its footprint to Chandigarh, Ahmedabad, Lucknow, Chennai, and Hyderabad, addressing the growing consumer demand for healthier bread options. With plans to strengthen its presence in both Tier I and Tier II cities, the company aims to continue its market expansion. The newly raised funding will support the brand’s product development, research, and innovation while improving retail and logistics channels.
Vineet Sagar, Managing Partner of Venture Garage, expressed his congratulations: “This 10X exit is a testament to The Health Factory’s vision and commitment to delivering healthier alternatives to Indian consumers and extreme founder focus and drive. THS’s journey highlights VG-Angels’ role in building journeys for startups from speculative phases to the growth phase.”
Vinay Maheshwari, Founder of The Health Factory, added: “VG has been more than just bankers to THF. From getting involved in the fund raise, to building the right story and helping with the vision. VG has been involved with us in many aspects since we were doing 10 lacs a month. From fund raise strategy, to introductions, they have been a part of the journey which has grown at high pace and multi fold.”
With a 65x increase in sales over the past 24 months, The Health Factory has shown remarkable growth. The recent funding round, coupled with VG-Angels’ successful exit, marks a new chapter for the company as it continues to provide nutritious bread options to a wider audience. As the demand for healthy products increases, The Health Factory is poised to redefine the future of bread consumption in India.
THF’s Previous Fund Raises:
https://economictimes.indiatimes.com/tech/funding/healthy-bread-brand-the-health-factory-raises-3-5-million-from-peak-xvs-surge/articleshow/113659909.cms?from=mdr
https://venturegarage.in/the-health-factory-raises-fund/
