SuperBottoms bags Rs 22.5 crore in its Series A round of funding

• ByStartupStory     |    May 20, 2022

SuperBottoms, a company that makes environmentally friendly reusable diapers, has secured Rs 22.5 crore in a Series A round-headed by DSG Consumer Partners and Saama Capital. This is the Mumbai-based company’s second investment round in the last year. According to regulatory filings, SuperBottoms has a special resolution to allot 1,424 Series A preference Shares at an issue price of Rs 1,57,872.4 per share to raise Rs 22.5 crore.

DSG and Sama each contributed Rs 11.05 crore, while Venture Catalyst contributed Rs 38 lakh. The Series A round appears to be ongoing, with the possibility of additional funding. 

The company was founded in 2016 by Pallavi Tyagi and sells reusable cloth diapers for babies which can be used 300 times. The six-year-old business claims to have a customer base of over 200,000. In April, it raised Rs 15 crore. The company also claims to have sold over 30,000 diapers monthly via its website and other e-commerce platforms.

The company was valued at roughly Rs 285 crore in this round. The combined interests of SuperBottoms co-founders Pallavi and Salil Utagi have been decreased to 52.44 % following the allotment of this round. Saama and DSG own 15.46% and 15.55% of the company, respectively, while Kunal Bahl and Rohit Bansal own 9.5%.

According to the company’s annual financial documents, SuperBottoms’ operating revenue increased by 64.4% to Rs 21.07 crore in FY21 from Rs 12.82 crore in FY20. The company’s losses increased tenfold to Rs 2.32 crore in FY21 from Rs 23 lakh in the previous fiscal year (FY20).

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