Healthfab, a resuable period panty brand, raises $1 million in a pre-Series A round

Healthfab, a reusable period panty brand, has raised $1 million in a pre-series A funding round led by Mistry Ventures with participation by BeyondSeed and Thrive Ventures.

The round also saw participation from angel investors Anupam Mittal, Aman Gupta, Vineeta Singh and Peyush Bansal, who also act as judges in Shark Tank India.

The fresh funding is followed by its seed round in 2022, led by BeyondSeed.

Revolutionizing menstrual hygiene

Healthfab was founded by Kiriti Acharjee, Sourav Chakrabarty, and Satyajit Chakraborty to revolutionize menstrual hygiene with convenient, comfortable, and eco-friendly solutions.

Inspired by challenges faced by women in their families, the three co-founders conducted extensive research to develop a sustainable alternative. They later launched GoPadFree Period Panty, a reusable, leak-proof solution that offers comfort and unrestricted movement and eliminates plastic waste.

Notably, the startup said it is India's first reusable period panty brand to receive BIS certification and patent protection for its innovative technology. 

It claims to have acquired over 3 lakh customers and has an annual revenue growth rate of 2.5-3x.

“We are thrilled to welcome our new investors and grateful to BeyondSeed for their continued trust in Healthfab as we close our Pre-Series A round. Their belief in our vision strengthens our commitment to making menstrual care more comfortable, affordable, and sustainable for women across India," said Kiriti Acharjee.

Purpose of fundraising

Healthfab plans to use the funds to further expand its presence in metro and Tier 2 cities as well as invest in further R&D.

With this funding, we will deepen our market penetration, ensuring access to our products in every corner of the country, and double down on R&D, driving innovation in functional wear," Acharjee added.